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

    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.
    A Rs. 13625 Correct Answer Incorrect Answer
    B Rs. 14025 Correct Answer Incorrect Answer
    C Rs. 14600 Correct Answer Incorrect Answer
    D Rs. 14620 Correct Answer Incorrect Answer
    E Rs. 14625 Correct Answer Incorrect Answer

    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

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