Question

A sum of Rs. 6120 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. 2400 Correct Answer Incorrect Answer
B Rs. 2458 Correct Answer Incorrect Answer
C Rs. 2448 Correct Answer Incorrect Answer
D Rs. 2488 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Total interest received = {6120 × (15 + 25)}/100 = Rs. 2448

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