The rate of simple interest on a sum of money is 6% p.a. for the first 3 years, 8% p.a. for
the next five years and 10% p.a. for the period beyond 8 years. If the simple interest
accrued by the sum for a period for 10 years is Rs.1560. The sum is
(A) Rs.1500
(B) Rs.2000
(C) Rs.3000
(D) Rs.5000
Answers
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Answer is 2000.
(x*3*6)/100 +(x*8*5)/100 +(x*10*2)/100 =1560
on solving this x will be 2000.
so sum is 2000.
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