Question
A deposited Rs. 6200 at 12% 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.Solution
Total amount earned from scheme A = 6200 × (1.12)2 = Rs. 7777.28 Interest earned from scheme B = (7777.28 × 10 × 10)/100 = Rs. 7777.28
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