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    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.
    A Rs. 2613.6 Correct Answer Incorrect Answer
    B Rs. 2013.6 Correct Answer Incorrect Answer
    C Rs. 2713.6 Correct Answer Incorrect Answer
    D Rs. 2610.6 Correct Answer Incorrect Answer
    E Rs. 2913.6 Correct Answer Incorrect Answer

    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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