Question

A sum of money earn a simple interest at 7.5% per annum for the first 6 years, at 9% for the next 6 years, and at 6% for the final 6 years. If the total interest earned during these 18 years was `33,075 ,then what was the original sum invested (in`)?

• A. 25,400
• B. 24,050
• C. 25,040
• D. 24,500

Answer 1

Answer: (D)