top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

If the simple interest accrued by the sum for a total period of 9 years is Rs. 1120, what is the sum?

+1 vote
327 views

The rate of interest on a sum of money is 4% per annum for the first 2 years, 6% per annum for the next 4 years and 8% per annum for the period beyond 6 years. If the simple interest accrued by the sum for a total period of 9 years is Rs. 1120, what is the sum?

posted May 26, 2015 by anonymous

Share this puzzle
Facebook Share Button Twitter Share Button LinkedIn Share Button

2 Answers

+2 votes

SI = ( P*R*t ) /100 , SI=simple interest , P = sum , R=rate of interest , t= time

1120 = (P/100)*(4*2 + 6*4 + 8*3 )

1120 = (P/100)*56
===
P= Rs . 2000

answer May 26, 2015 by Ankit Kamboj
+1 vote

Total interest for . Years wil be 2*4+4*6+3*8=56% of the principle amount
Here 56% of principle amount =1120
So, principle will be=1120*100/56=2000.

answer May 29, 2015 by Sreenu569



Similar Puzzles
0 votes

If difference between simple interest and the compound interest on a certain amount of money for 3 years at 10% per annum is Rs. 46.50. Then what is the value of sum?

0 votes

The difference between simple interest and compound interest on a sum for 2 years at 8%, when the interest is compounded annually is Rs.16. If the interest were compounded half yearly, then what would be the difference between simple interest and compound interest for the same sum in 2 years?

...