What is the simple interest on a sum of Rs. 700 if the rate of interest for the first 3 years is 8% per annum and for the last 2 years is 7.5% per annum?

What is the simple interest on a sum of Rs. 700 if the rate of interes

1.	What is the simple interest on a sum of Rs. 700 if the rate of interest for the first 3 years is 8% per annum and for the last 2 years is 7.5% per annum?
A.	Rs. 269.5
B.	Rs. 283
C.	Rs. 273
D.	Rs. 280
E.	None of these
Answer» D. Rs. 280

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What is the simple interest on a sum of Rs. 700 if the rate of interest for the first 3 years is 8% per annum and for the last 2 years is 7.5% per annum?

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