Question

A sum of Rs. 3700 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. 1184 Correct Answer Incorrect Answer
B Rs. 1152 Correct Answer Incorrect Answer
C Rs. 1024 Correct Answer Incorrect Answer
D Rs. 1025 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Total interest received = {3700 × (12 + 20)}/100 = Rs. 1184

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