Practicing Success
The rate of simple interest for first two years is 8% p.a., for the next 4 years, it is 10% p.a. and for the period beyond 6 years, it is 12% p.a. If a person gets ₹18358.60 as simple interest after 9 years, then how much money (in ₹)did he invest ? |
20087 19674 19955 21075 |
19955 |
If Principal = 100 then Interest = Rate (R)× Time (T) Interest for first 2 Years at 8% = R× T = 8% × 2= 16% Interest for next 4 Years at 10% = R× T = 10% × 4= 40% and Interest for next 3 Years at 12% = R× T = 12% × 3= 36% ⇒ Total Interest for 9 years = 16% + 40% + 36% = 92% A.T.Q , Total Interest for 9 years = Rs 18358.60 ⇒ 92% = 18358.60 ⇒1% = 199.55 ⇒100%= Rs 19955
ALTERNATE total Interest = 8% × 2 + 10% × 4 + 12% × 3 = 16% + 40%+ 36% = 92% ATQ, 92% of Principal = Rs 18358.60 ⇒ P = Rs 19955 |