Practicing Success
The rate of interest for the first 3 years is 5% p.a. for the next 5 years is 6% p.a., and for the period beyond 8 years is 12.5% p.a., if a person gets Rs. 13545 as simple interest after 10 years, then how much money did he invest? |
19350 19530 91350 19035 |
19350 |
Interest for first 3 years = 15% (3 × 5) Interest for nexct 5 years = 30% (5 ×6) Interest for last 2 years = 25% (2 × 12.5) Total interest = 70% 70% = 13545 1% = 193.5 100% = Rs. 19350
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