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    • 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 –

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