New 55% Off on All Courses - Enroll Now! Click Here

    Question

    ‘J’, ‘K’ and ‘L’, each of them invested Rs.

    5000 at the rate of 18% p.a., 22% p.a. and 40% p.a., respectively for 6 years, 5 years and 3 years, respectively. Find the sum of simple interests received by them.
    A Rs.14,275 Correct Answer Incorrect Answer
    B Rs.14,000 Correct Answer Incorrect Answer
    C Rs.17,000 Correct Answer Incorrect Answer
    D Rs.16,900 Correct Answer Incorrect Answer

    Solution

    ATQ, Simple interest received by ‘J’ = (5000 × 18 × 6)/100 = Rs. 5400 Simple interest received by ‘K’ = (5000 × 22 × 5)/100 = Rs. 5500 Simple interest received by ‘L’ = (5000 × 40 × 3)/100 = Rs. 6000 Required sum = (5000/100) × {(18 × 6) + (22 × 5) + (40 × 3)} = Rs. 16900

    Practice Next

    Relevant for Exams: