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    Question

    A deposited Rs. 6000 at 24% 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 5 years.
    A Rs. 11532 Correct Answer Incorrect Answer
    B Rs. 11500 Correct Answer Incorrect Answer
    C Rs. 11632 Correct Answer Incorrect Answer
    D Rs. 11732 Correct Answer Incorrect Answer
    E Rs. 10532 Correct Answer Incorrect Answer

    Solution

    Total amount earned from scheme A = 6000 times; (1.24)2 = Rs. 9225.60 Interest earned from scheme B = (9225.60 times; 25 times; 5)/100 = Rs. 11532

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