Compound interest problems Practice Question and Answer
1 4 Q:
64c76787a919c8488e1e2e8d
Q: The rate of interest for the first 2 years is 6% p.a., for the next 3 years is 10% p.a., and for the period beyond 5 years is 12% p.a. If a person gets ₹12,771 as simple interest after 7 years, then how much money did he invest?
794 064c76787a919c8488e1e2e8d
64c76787a919c8488e1e2e8d- 1₹20,000false
- 2₹19,350true
- 3₹19,450false
- 4₹19,300false
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Answer : 2. "₹19,350"
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