Question

The rate of interest on a sum of money is 2% p.a. for the first 3 years, 5℅ p. a. For next 1 year and 6% for last 2 years. If the simple interest on the sum for a total period of 6 years is Rs. 207,then the sum is

Answer 1

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

Given The rate of interest on a sum of money is 2% p.a. for the first 3 years, 5℅ p. a. For next 1 year and 6% for last 2 years. If the simple interest on the sum for a total period of 6 years is Rs. 207, then the sum is

• We know that S.I = P x R x T / 100
• Now S.I at the rate of 2%  for 3 years will be P x 2 x 3 / 100
•                                                                         = 6P / 100
• S.I at the rate of 5% for 1 year will be P x 5 x 1 / 100
•                                                          = 5 P / 100
• S.I at the rate of 6% for 2 years will be P x 6 x 2 / 100
•                                                               = 12 P / 100
• So total S.I = 6P/100 + 5P / 100 + 12 P / 100
•            207 = 23 P / 100
•       So 23 P = 207 x 100
• Or P = 20700 / 23
• Or P = Rs 900

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https://brainly.in/question/6585383