Question

    A deposited Rs. 5000 at 18% per annum compound interest

    in scheme A for 2 years. After 2 years, he deposited total amount at 10% simple interest per annum in another scheme B. Find the interest earned from scheme B after 10 years.
    A Rs. 6062 Correct Answer Incorrect Answer
    B Rs. 6902 Correct Answer Incorrect Answer
    C Rs. 6960 Correct Answer Incorrect Answer
    D Rs. 6962 Correct Answer Incorrect Answer
    E Rs. 6900 Correct Answer Incorrect Answer

    Solution

    Total amount earned from scheme A = 5000 × (1.18)2 = Rs. 6962 Interest earned from scheme B = ( 6962 × 10 × 10)/100 = Rs. 6962

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