Question
A sum of $\text{₹}5,000$ is lent at $6\%$ per annum for 2 years and then at $8\%$ per annum for the next 3 years. The total simple interest is:
Option 2 : $\text{₹}1,800$
Detailed Solution
सही उत्तर $\text{₹}1,800$ है।
Interest for the first 2 years is $5,000 \times 6 \times 2 / 100 = \text{₹}600$ and for the next 3 years is $5,000 \times 8 \times 3 / 100 = \text{₹}1,200$. The total is $\text{₹}1,800$.
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prepsnap.in • GeneralQuestion:
A sum of $\text{₹}5,000$ is lent at $6\%$ per annum for 2 years and then at $8\%$ per annum for the next 3 years. The total simple interest is:
Correct Answer: $\text{₹}1,800$
Interest for the first 2 years is $5,000 \times 6 \times 2 / 100 = \text{₹}600$ and for the next 3 years is $5,000 \times 8 \times 3 / 100 = \text{₹}1,200$. The total is $\text{₹}1,800$.