Multiple Choice Questions on What is the simple interest on a sum of Rs 1500 if the rate of interest for the first 5 years is 9 p........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

What is the simple interest on a sum of Rs 1500 if the rate of interest for the first 5 years is 9 p...........

Quantitative Aptitude ( CCS) Simple Interest
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    What is the simple interest on a sum of Rs. 1500 if the rate of interest for the first 5 years is 9% per annum and for the last 3 years is 8.5% per annum?

    Rs965.5
    Incorrect Answer
    Rs1057.5
    Correct Answer
    Rs982
    Incorrect Answer

    Rs1011

    Incorrect Answer
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    Explanation:

    SI=(1500*5*9/100) + (1500*3*8.5/100)
    =(15*45) + (15*3*8.5)
    =675+382.5
    =Rs1057.5.

    Hence, opiton 2 is the correct answer.

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