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The rate of simple interest on a sum of money is 6%p.a for first 3 years,8% p.a for the next five years and 10%p.a for period beyond 8 years.if simple interest accrued by the sum for a period for 10 years is 1560.the sum is: a)Rs1500 b)Rs2000 c)Rs3000 d)Rs5000 the answer is b)2000 how ?
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The rate of simple interest on a sum of money is 6%p.a for first 3 yea...
Calculation of Simple Interest for Each Period
---------------------------------------------
First 3 years: 6% p.a
Simple Interest = Principal * Rate * Time
SI = P * 6/100 * 3 = 0.18P

Next 5 years: 8% p.a
SI = P * 8/100 * 5 = 0.4P

Period beyond 8 years: 10% p.a
SI = P * 10/100 * (10-8) = 0.2P

Total Simple Interest for 10 years = 1560
-----------------------------------------
Total SI = 0.18P + 0.4P + 0.2P = 0.78P
0.78P = 1560
P = 2000

Answer: The sum is Rs 2000.
Community Answer
The rate of simple interest on a sum of money is 6%p.a for first 3 yea...
[(2000×6×3)÷100]+[(2000×8×5)÷100]+[(2000×10×2)÷100] =360+800+400 = 1560
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The rate of simple interest on a sum of money is 6%p.a for first 3 years,8% p.a for the next five years and 10%p.a for period beyond 8 years.if simple interest accrued by the sum for a period for 10 years is 1560.the sum is: a)Rs1500 b)Rs2000 c)Rs3000 d)Rs5000 the answer is b)2000 how ?
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The rate of simple interest on a sum of money is 6%p.a for first 3 years,8% p.a for the next five years and 10%p.a for period beyond 8 years.if simple interest accrued by the sum for a period for 10 years is 1560.the sum is: a)Rs1500 b)Rs2000 c)Rs3000 d)Rs5000 the answer is b)2000 how ? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The rate of simple interest on a sum of money is 6%p.a for first 3 years,8% p.a for the next five years and 10%p.a for period beyond 8 years.if simple interest accrued by the sum for a period for 10 years is 1560.the sum is: a)Rs1500 b)Rs2000 c)Rs3000 d)Rs5000 the answer is b)2000 how ? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The rate of simple interest on a sum of money is 6%p.a for first 3 years,8% p.a for the next five years and 10%p.a for period beyond 8 years.if simple interest accrued by the sum for a period for 10 years is 1560.the sum is: a)Rs1500 b)Rs2000 c)Rs3000 d)Rs5000 the answer is b)2000 how ?.
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