Question

    A deposited Rs. 8500 at 30% per annum compound interest

    in scheme A for 2 years. After 2 years, he deposited total amount at 10% simple interest per annum in another scheme B. Find the interest earned from scheme B after 4 years.
    A Rs. 5746 Correct Answer Incorrect Answer
    B Rs. 5046 Correct Answer Incorrect Answer
    C Rs. 5706 Correct Answer Incorrect Answer
    D Rs. 5747 Correct Answer Incorrect Answer
    E Rs. 5946 Correct Answer Incorrect Answer

    Solution

    Total amount earned from scheme A = 8500 × (1.30)2 = Rs. 14365 Interest earned from scheme B = (14365 × 10 × 4)/100 = Rs. 5746

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