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    5. A person deposited ₹500 for 3 years, ₹650 for 5 years, and ₹1,250 for 7 years. He received a t

    Question

    A person deposited ₹500 for 3 years, ₹650 for 5

    years, and ₹1,250 for 7 years. He received a total simple interest of ₹1,620. The rate of interest per annum is:
    A 12% Correct Answer Incorrect Answer
    B 13% Correct Answer Incorrect Answer
    C 10.8% Correct Answer Incorrect Answer
    D 11% Correct Answer Incorrect Answer

    Solution

    Let the per annum rate =x% Interest at the rate of x% in 3 years on the 500 Rs –

    Practice Next
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      Trade credit is a source of:

    Relevant for Exams:

    • SSC CGL
    • IBPS RRB PO

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