New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A deposited Rs. 7000 at 21% per annum compound interest

    in scheme A for 2 years. After 2 years, he deposited total amount at 25% simple interest per annum in another scheme B. Find the interest earned from scheme B after 4 years.
    A Rs. 11248.70 Correct Answer Incorrect Answer
    B Rs. 12248.70 Correct Answer Incorrect Answer
    C Rs. 10248.70 Correct Answer Incorrect Answer
    D Rs. 10348.70 Correct Answer Incorrect Answer
    E Rs. 10200.70 Correct Answer Incorrect Answer

    Solution

    Total amount earned from scheme A = 7000 × (1.21)2 = Rs. 10248.70 Interest earned from scheme B = (10248.7 × 25 × 4)/100 = Rs. 10248.70

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