The rate of Interest on a sum of money is 5% p.a. for the first 3 years, 4% p.a. for the next 4 years, and 5% for the period beyond 7 years. If the S.I, Occured on the sum for the total period of 8 years is Rs. 540/-, the sum is
Pick:
A) 1,500
B) 2,000
C) 2,100
D) 2,250
E) 2,540
Explanation:   I1 = (P x 3 x 5)/100 = 3P/20   I2 = (P x 4 x 4)/100 = 4P/25   I3 = (P x 1 x 5)/100 = P/20   3P/20 + 4P/25 + P/20 = 540   9P/25 = 540   P = 1500   1,500nswer: Option 1,500
<result>A</result>
The rate of Interest on a sum of money is 5% p.a. for the first 3 years, 4% p.a. for the next 4 years, and 5% for the period beyond 7 years. If the S.I, Occured on the sum for the total period of 8 years is Rs. 540/-, the sum is