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

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question