A certain sum is lent at 4% per annum for 3 years 8% per annum for next 4 years and 12% per annum beyond 7 years. If for a period of 11 years, the simple interest obtained is Rs. 27,600, then the sum is (in Rs.):
A. 25,000
B. 32,000
C. 27,000
D. 30,000
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & 27600 = \frac{{P\left( {3 \times 4 + 4 \times 8 + 4 \times 12} \right)}}{{100}} \cr & \frac{{27600 \times 100}}{{12 + 32 + 48}} = P \cr & P = \frac{{27600 \times 100}}{{92}} \cr & P = {\text{Rs}}{\text{. }}30000 \cr} $$Related Questions on Interest
Find the simple interest on Rs. 5200 for 2 years at 6% per annum.
A. Rs. 450
B. Rs. 524
C. Rs. 600
D. Rs. 624
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
A. Rs. 1380
B. Rs. 1290
C. Rs. 1470
D. Rs.1200
E. Rs. 1240
Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent.
A. 8%
B. 9%
C. 10%
D. 11%
E. 12%
Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
A. Rs. 2300
B. Rs. 2315.25
C. Rs. 2310
D. Rs. 2320
E. None of these
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