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 × (1.25)2 = Rs. 10156.25 Interest earned from scheme B = (10156.25 × 25 × 6)/100 = Rs. 14625
More Simple and compound interest Questions
RELINQUISH
What is the synonym for the word "avarice"?
Using or containing more words than are needed
In the following question select the answer pair that expresses a relationship most similar to that expressed in the capitalised pair.
Insolenc...
Select the correct SYNONYM of the given word.
gigantic
Choose the correct synonym for the given word.
Tramp
Former
- Select the most appropriate meaning of the bold word in the given sentence.
She is a philatelist and has a rare collection of vintage stamps.
... Find the appropriate answer.
A person who suffers pain or difficulty without complaining
