Home
Class 14
MATHS
On a certain sum, rate of interest per a...

On a certain sum, rate of interest per annum for the first two years is 4%. The rate ofinterest for next four years is 6% and for the next three years is 8%. If total simple interest earned at the end of 9 years is ₹ 1120, then the sum is:

A

₹2240

B

₹1600

C

₹1800

D

₹2000

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Similar Questions

Explore conceptually related problems

What will be the compound interest on a sum of Rs. 1875 after 2 years if the rate of interest for the first year is 4% and that for the second year is 8%?

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?

Rahul borrowed some money at the rate of 6% p.a. for the first three years , 9% p.a. for the next years five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160 , the money borrowed by him ( in Rs. ) was

Rohan borrowed a certain sum of money at simple interest. The rate of interest was 3% per annum for first 3 years, 4% per annum for next 5 years and 6% per annum for next 7 years. If he paid Rs. 2059 as interest, then what is the sum borrowed (in Rs.)?