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

Practice Next
×
×