Question

    A deposited Rs. 4500 at 40% per annum compound interest

    in scheme A for 2 years. After 2 years, he deposited total amount at 11% simple interest per annum in another scheme B. Find the interest earned from scheme B after 4 years.
    A Rs. 3880.8 Correct Answer Incorrect Answer
    B Rs. 3800.8 Correct Answer Incorrect Answer
    C Rs. 3980.8 Correct Answer Incorrect Answer
    D Rs. 3580.8 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Total amount earned from scheme A = 4500 × (1.40)2 = Rs. 8820 Interest earned from scheme B = (8820 × 11 × 4)/100 = Rs. 3880.8

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