The rate of interest on a sum of money is per annum for the first 2 years. per annum for the next 4 years and per annum for the period beyond 6 years. If the simple interest accrued by the sum for a total period of 9 years is ₹ 1120, what is the sum?
A. ₹ 1500
B. ₹ 2000
C. ₹ 2500
D. ₹ 4000
Answer:B
The rate of interest on a sum of money is per annum for the first 2 years. per annum for the next 4 years and per annum for the period beyond 6 years. If the simple interest accrued by the sum for a total period of 9 years is ₹ 1120, what is the sum?
A. ₹ 1500 B. ₹ 2000 C. ₹ 2500 D. ₹ 4000