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Question

What is the simple interest for five years on a 5 of Rs. 700 if the rate of interest for the first 3 years is 8% per annum and for another 2 years is 7% annum?

A
400
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B
392
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C
352
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D
266
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Solution

The correct option is D 266
700×3×810+700×7×2100=266

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