Question
A deposited Rs. 6500 at 25% per annum compound interest
in scheme A for 2 years. After 2 years, he deposited total amount at 24% simple interest per annum in another scheme B. Find the interest earned from scheme B after 6 years.Solution
Total amount earned from scheme A = 6500 Ă— (1.25)2 = Rs. 10156.25 Interest earned from scheme B = (10156.25 Ă— 25 Ă— 6)/100 = Rs. 14625
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