1.

Pankaj borrowed a sum of Rs. ___ from Kamal at simple interest. The rate of interest is 10% per annum for the first 2 years and 12% per annum for the next 3 years and 15% per annum thereafter. He paid Rs. 5332 as interest after 7 years.1). Rs. 62202). Rs. 60203). Rs. 60004). Rs. 6200

Answer»

LET the SUM be Rs. p

Then according to the question,

(p × 2 × 10)/100 + (p × 3 × 12)/100 + (p × 2 × 15)/100 = 5332

⇒ (20 × p)/100 + (36 × p)/100 + (30 × p)/100 = 5332 

⇒ (86 × p)/100 = 5332 

⇒ p = 5332 × 100/86 = Rs. 6200



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