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    Question

    A sum of Rs. 3200 is invested at simple interest for 2

    years. If the rate interest for first year is 12% p.a. while 20% p.a. for second year, then find the total interest received after 2 years.
    A Rs. 1004 Correct Answer Incorrect Answer
    B Rs. 1020 Correct Answer Incorrect Answer
    C Rs. 1024 Correct Answer Incorrect Answer
    D Rs. 1025 Correct Answer Incorrect Answer

    Solution

    Total interest received = {3200 × (12 + 20)}/100 = Rs. 1024

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