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Question

Rs. 9900 is invested in scheme ‘A’ for a year at

simple interest of 28% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ which offers compound interest (compounded annually) of 20% p.a. What is the total amount received from scheme ‘B’?

A Rs. 3891.68

B Rs. 3901.68

C Rs. 3991.68

D Rs. 3981.68

E None of these

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