A sum of ₹ 80,000 is invested at 6% p.a. at simple interest for the first year, then 8% p.a. for the next 2 years (still simple interest). What is the total interest earned over the 3 year period?
A sum of ₹ 80,000 is invested at 6% p.a. at simple interest for the first year, then 8% p.a. for the next 2 years (still simple interest). What is the total interest earned over the 3 year period?
Solution
✅ Correct Option: 2
Interest for year 1 .
Interest for the next 2 years .
Total .
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