Question
A deposited Rs. 3000 at 10% per annum compound interest
in scheme A for 2 years. After 2 years, he deposited total amount at 12% simple interest per annum in another scheme B. Find the interest earned from scheme B after 6 years.Solution
Total amount earned from scheme A = 3000 × (1.10)2 = Rs. 3630 Interest earned from scheme B = (3630 × 12 × 6)/100 = Rs. 2613.6
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