Mathematics · Simple Interest

A certain principal amount is invested by an individual. The annual simple interest rate is 6% for the first two years, 8% for the following four years, and 10% for the remaining time. If the total simple interest earned after nine years is ₹7,400, how much was invested initially?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

₹10,000

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