New Enroll in RBI Grade B New Batch - Starts on May 21

    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.
    A Rs. 5100 Correct Answer Incorrect Answer
    B Rs. 5003 Correct Answer Incorrect Answer
    C Rs. 5103 Correct Answer Incorrect Answer
    D Rs. 5703 Correct Answer Incorrect Answer
    E Rs. 5803 Correct Answer Incorrect Answer

    Solution

    Total amount earned from scheme A = 3500 × (1.35)2 = Rs. 6378.75 Interest earned from scheme B = (6378.75 × 10 × 8)/100 = Rs. 5103

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