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      Question

      A sum of Rs. 3500 is invested at simple interest for 2

      years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find the total interest received after 2 years.
      A Rs. 800 Correct Answer Incorrect Answer
      B Rs. 850 Correct Answer Incorrect Answer
      C Rs. 840 Correct Answer Incorrect Answer
      D Rs. 980 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Total interest received = {3500 × (10 + 18)}/100 = Rs. 980

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