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.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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