Question

A and B started a business with initial investments of Rs. 25000 and Rs. 30000 respectively. After one year, a profit of Rs. 11000 is earned. A being a working partner gets 30% of the profit for managing the business and rest of the profit is shared between them in the ratio of their investments. A invested his whole profit in a scheme offering 15% compound interest compounded annually. Find the interest earned by A after 2 years.

A Rs. 2103
B Rs. 2093
C Rs. 2193
D Rs. 2190
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query