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.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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