Question

The rate of interest for first 2 year is 2%, for the next 2
year is 3.5% & for the period beyond 4 years is 4.5%. Ifa
man borrows Rs. 1200 for 6 years then find the simple
interest he will have to pay after 6 years?
(A)150
(B)250
(C)200
(D)None of these​

Answer 1

Answer:

S.I = Rs. 324

Step-by-step explanation:

P = Rs. 1200 , T = 6 yrs , R = 4.5%

S.I = P × R × T / 100

= 1200 × 6 × 4.5 / 100

= 12 × 6 × 4.5

= Rs. 324