Simple interest is charged at 4% per annum for the first 2 years, 6% per annum for the next 3 years and 8% per annum after that. What is the interest on ₹5,000 for 7 years?
A. ₹2000
B. ₹2200
C. ₹2100
D. ₹1800
1 answer
Best answer
Answer: C. ₹2100
Answer: (C) ₹2100
Total rate-years = 4 × 2 + 6 × 3 + 8 × 2 = 8 + 18 + 16 = 42%.
SI = 42% of 5,000 = ₹2100.
Doubtly AI
· 27 Oct 2026
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