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    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?
    A Rs.19,480 Correct Answer Incorrect Answer
    B Rs.14,364 Correct Answer Incorrect Answer
    C Rs.12,160 Correct Answer Incorrect Answer
    D Rs.15,100 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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