Question
A deposited Rs. 9500 at 10% per annum compound interest
in scheme A for 2 years. After 2 years, he deposited total amount at 20% simple interest per annum in another scheme B. Find the interest earned from scheme B after 20 years.Solution
Total amount earned from scheme A = 9500 × (1.10)2 = Rs. 11495 Interest earned from scheme B = (11495 × 20 × 3)/100 = Rs. 6897
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