SSC CPO SI and ASI Model Paper 7

Question : 103 of 200

Marks: +1, -0

What is the simple interest on a sum of ` 900 if the rate of interest for the first 2 years is 4% p.a. and that for the last 4 years is 6% p.a.?

Solution:

(3) S.I. for first 2 years:
S.I.

={P× R× T}/100=₹72

S.I. =

{900× 4 ×2}/100=₹216

S.I. for last 4 years:
S.I. =

{P× R× T}/100

S.I.

=900× 4× 6/100= ₹216

Total simple interest earned

= ₹72+ 216 = ₹288

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