Question

A sum of Rs. 20000 was invested in a scheme. The rate of simple interest offered for three years was 10%, 6% and 4% per annum respectively. After three years, the whole amount was withdrawn and reinvested in a scheme which offered an interest rate of 20% compounded annually for 3 years. What is the total interest earned during the six year period?

A Rs. 16104
B Rs. 21472
C Rs. 16700
D Rs. 10722
E None of these
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)