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    Question

    A deposited Rs. 4000 at 15% 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 5 years.
    A Rs. 3174 Correct Answer Incorrect Answer
    B Rs. 3074 Correct Answer Incorrect Answer
    C Rs. 3104 Correct Answer Incorrect Answer
    D Rs. 3774 Correct Answer Incorrect Answer
    E Rs. 3874 Correct Answer Incorrect Answer

    Solution

    Total amount earned from scheme A = 4000 × (1.15)2 = Rs. 5290 Interest earned from scheme B = (5290 × 12 × 5)/100 = Rs. 3174

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