Multiple Choice Questions on Sahil invested Rs 84000 in a scheme offering simple interest for three years Rate of interest for fi........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Sahil invested Rs 84000 in a scheme offering simple interest for three years Rate of interest for fi...........

Quantitative Aptitude ( CCS) Simple Interest
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    Sahil invested Rs. 84000 in a scheme offering simple interest for three years. Rate of interest for first year, second year and third year is 20%, 24% and 25% resp. Find the interest earned by him after three years.

    Rs.55500
    Incorrect Answer
    Rs.58500
    Incorrect Answer
    Rs.57960
    Correct Answer

    Rs.55400

    Incorrect Answer
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    Explanation:

    Interest earned after three years
    = 84000*(0.20+0.24+0.25) = Rs.57960

    Hence, option 3 is the correct answer.

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