The rate of interest on a sum of money is 4% per annum for the first 2 year, 6% per annum for the next 4 year and 8% per annum for the period beyond 6 years. If the simple interest accrued by the sum for a total period of 9 years is Rs. 1120. What is the sum ?

The rate of interest on a sum of money is 4% per annum for the first 2

1.	The rate of interest on a sum of money is 4% per annum for the first 2 year, 6% per annum for the next 4 year and 8% per annum for the period beyond 6 years. If the simple interest accrued by the sum for a total period of 9 years is Rs. 1120. What is the sum ?
A.	Rs. 1500
B.	Rs. 2000
C.	Rs. 2500
D.	Rs. 4000
Answer» C. Rs. 2500

Discussion

No Comment Found

Related MCQs

A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.
A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.
A and B borrowed Rs. 3000 and Rs. 3200 respectively at the same rate of interest for 21 years. If B paid Rs. 40 more interest than A, find the 2 rate of interest.
In certain years a sum of money is doubled to itself at 61% simple interest per annum, 4then the required time will be
What should be the least number of years in which the simple interest on Rs. 2600 at 62% will be an exact number of rupees ?3
At a simple interest, a sum amounts to 1012 in 21/2 and becomes 1067.20 in 4 yr. What is the rate of interest

The rate of interest on a sum of money is 4% per annum for the first 2 year, 6% per annum for the next 4 year and 8% per annum for the period beyond 6 years. If the simple interest accrued by the sum for a total period of 9 years is Rs. 1120. What is the sum ?

Discussion

No Comment Found

Related MCQs

Reply to Comment