New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A sum of Rs. 4100 is invested at simple interest for 2

    years. If the rate interest for first year is 15% p.a. while 25% p.a. for second year, then find the total interest received after 2 years.
    A Rs. 1600 Correct Answer Incorrect Answer
    B Rs. 1640 Correct Answer Incorrect Answer
    C Rs. 1650 Correct Answer Incorrect Answer
    D Rs. 1550 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Total interest received = {4100 × (15 + 25)}/100 = Rs. 1640

    Practice Next