Mathematics · Simple Interest
A certain sum is lent on simple interest at 4% p.a. for 3 years, 8% p.a. for the next 4 years, and 12% p.a. beyond 7 years. If for a period of 11 years, the total simple interest obtained is Rs. 27,600, then the sum (in Rs.) is:
- 132,000
- 230,000✓
- 325,000
- 428,000
Correct answer
30,000
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