Question
Meena invested Rs. 10,500 at 30% p.a. for 2 years and
Rs. 7,200 at 28% p.a. for 4 years on simple interest. How much interest did she receive in total?Solution
ATQ,
Simple interest = Principal × rate × time ÷ 100
So, required interest = 10,500 × 30 × 2 ÷ 100 + 7,200 × 28 × 4 ÷ 100= 6,300 + 8,064 = Rs. 14,364
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