Multiple Choice Questions on What is the simple interest on a sum of Rs 700 if the rate of interest for the first 3 years is 8 pe........... for CDS Exam Preparation

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Multiple Choice Questions

What is the simple interest on a sum of Rs 700 if the rate of interest for the first 3 years is 8 pe...........

Quantitative Aptitude (CDS) Simple Interest
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    What is the simple interest on a sum of Rs.700 if the rate of interest for the first 3 years is 8% per annum and for the last 2 years is 7% per annum? 

    168 Rs
     

    Incorrect Answer

    98 Rs

    Incorrect Answer

    266 Rs
     

    Correct Answer

    200 Rs

    Incorrect Answer
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    Explanation:

    principal amount =700,rate=8%, t=3
    S.I. =700×3×8/100
    =168
    S.I.  On principal amount 700,rate=7%, t=2
    S.I. =700×7×2/100
    =98
    Total S.I=168+98 =266

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