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    Question

    A deposited Rs. 7500 at 20% per annum compound interest

    in scheme A for 3 years. After 3 years, he deposited total amount at 25% simple interest per annum in another scheme B. Find the interest earned from scheme B after 3 years.
    A Rs. 9720 Correct Answer Incorrect Answer
    B Rs. 9700 Correct Answer Incorrect Answer
    C Rs. 9920 Correct Answer Incorrect Answer
    D Rs. 9820 Correct Answer Incorrect Answer

    Solution

    Total amount earned from scheme A = 7500 × (1.20)^2 = Rs. 12960 Interest earned from scheme B = (12960 × 25 × 3)/100 = Rs. 9720

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