3
Interest at the rate of 3% is charged on an amount for first two years. For the next three years interest @ 4% and after 5 years interest @ 6% are charged. What will be the simple interest on Rs. 2,000 after ten years
Explanation:

= Rs. 120


= Rs.240


= Rs. 600

Total interest = Rs. (120 + 240 + 600)

= Rs. 960.
