1.

Rs. 20000 is invested in such a way that rate is 10% for first 2 years, 5% for next 3 years, and 6% for next 1 year. Find the total SI in 6 years.1). 84002). 81003). 82004). 8000

Answer»

SI for 1st 2 years = 20% of P

SI for next 3 years = 15% of P

SI for next 1 year = 6% of P

TOTAL SI for 6 years = (20% + 15% + 6%) of P

∴ Total SI for 6 years = 41% of P = 0.41 × 20000 = Rs. 8200


Discussion

No Comment Found

Related InterviewSolutions