Difficulty: Medium
Correct Answer: Rs. 2000
Explanation:
Introduction / Context:
With simple interest, different flat rates over disjoint time blocks add linearly. Summing each block’s contribution gives the overall SI factor times the principal.
Given Data / Assumptions:
Concept / Approach:
Total SI factor = 0.04*2 + 0.06*4 + 0.08*3. Multiply this factor by P to equal Rs 1120, then solve for P.
Step-by-Step Solution:
Verification / Alternative check:
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
Rs 2000.
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