Question

    A person lent a sum of ₹30,000 on simple interest for

    12 years, with an interest rate of 8% per annum for the first 4 years, 10% per annum for the next 3 years, and 15% per annum for last 5 years. How much interest (in ₹) will he earn at the end of 12 years?
    A 41100 Correct Answer Incorrect Answer
    B 40200 Correct Answer Incorrect Answer
    C 40800 Correct Answer Incorrect Answer
    D 38000 Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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