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.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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