a) Rs. 280
b) Rs. 269.5
c) Rs. 273
d) Rs. 283
Answer: c
Explanation:
$$\eqalign{
& {1^{{\text{st}}}}{\kern 1pt} {\text{case}}: \cr
& {I_1} = \frac{{700 \times 3 \times 8}}{{100}} = {\text{Rs}}{\text{. }}168 \cr
& {2^{{\text{nd}}}}{\kern 1pt} {\text{case}}: \cr
& {I_2} = \frac{{700 \times 2 \times 7.5}}{{100}} = {\text{Rs}}{\text{. }}105 \cr} $$
Then total interest for five years
$$ = \left( {{I_1} + {I_2}} \right) = {\text{Rs}}{\text{. }}273$$
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