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The simple interest on a sum for 5 years...

The simple interest on a sum for 5 years is Rs 16800. The rate of interest for the first 3 years is 8% per annum and for the next 2 years is 12% per annum. What is the value (in Rs) of sum?

A

30000

B

38000

C

32000

D

35000

Text Solution

AI Generated Solution

To solve the problem step by step, we need to find the principal sum based on the given simple interest over 5 years with varying interest rates. ### Step 1: Understand the given information - Simple interest for 5 years = Rs 16,800 - Rate of interest for the first 3 years = 8% per annum - Rate of interest for the next 2 years = 12% per annum ### Step 2: Calculate the total interest for each period ...
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