Multiple Choice Questions on Kumar fixes the rate of interest 5 per annum for first 3 years and for the next 4 years 6 percent pe........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Kumar fixes the rate of interest 5 per annum for first 3 years and for the next 4 years 6 percent pe...........

Quantitative Aptitude ( CCS) Simple Interest
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    Kumar fixes the rate of interest 5% per annum for first 3 years and for the next 4 years 6 percent per annum and for the period beyond 7 years, 7.5 percent per annum. If Mr. Kumar lent out Rs.1800 for 11 years, find the total interest earned by him?

    Rs.1422

    Incorrect Answer

    Rs.1242

    Correct Answer

    Rs.1244

    Incorrect Answer

    Rs.1342

    Incorrect Answer
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    Explanation:

    5% for 3 years = 15%
    6% for 4 years = 24%
    7.5% for 4 years = 30%
    69% of 1800 = 1242

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