Question
A deposited Rs. 3500 at 35% 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 8 years.Solution
Total amount earned from scheme A = 3500 Ă— (1.35)2 = Rs. 6378.75 Interest earned from scheme B = (6378.75Â Ă— 10 Ă— 8)/100 = Rs. 5103
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