New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A sum of Rs. 2600 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. 728 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 = {2600 × (10 + 18)}/100 = Rs. 728

    Practice Next