Question
βJβ, βKβ and βLβ, 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.Solution
ATQ, Simple interest received by βJβ = (5000 Γ 18 Γ 6)/100 = Rs. 5400 Simple interest received by βKβ = (5000 Γ 22 Γ 5)/100 = Rs. 5500 Simple interest received by βLβ = (5000 Γ 40 Γ 3)/100 = Rs. 6000 Required sum = (5000/100) Γ {(18 Γ 6) + (22 Γ 5) + (40 Γ 3)} = Rs. 16900
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