Mathematics for FinanceMTP Jun 22Question 1356 of 422
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The rate of interest for the first $2$ year is $3\%$ per annum, for next $3$ years is $8\%$ per annum and for the period beyond $5$ years, $10\%$ per annum. If a man gets $1520$ as a simple interest for $6$ years, how much money did he deposit?

Options

A$3800$
B$3000$
C$4000$
DNone of these
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Correct Answer

Option b$3000$

All Options:

  • A$3800$
  • B$3000$
  • C$4000$
  • DNone of these

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