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.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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