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.
    A Rs. 7011.72 Correct Answer Incorrect Answer
    B Rs. 7900.72 Correct Answer Incorrect Answer
    C Rs. 7777.28 Correct Answer Incorrect Answer
    D Rs. 7711.72 Correct Answer Incorrect Answer
    E Rs. 8911.72 Correct Answer Incorrect Answer

    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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