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      Question

      A man deposited Rs. 4500 in a bank offering compound

      interest of 20% p.a. compounded annually for first 2.5 years and after that simple interest of 15% p.a. for rest of the time. If at the end of two and half years, he withdrew Rs. 3128; then amount received by him at the end of 4 years will be:
      A Rs. 5000 Correct Answer Incorrect Answer
      B Rs. 4950 Correct Answer Incorrect Answer
      C Rs. 4900 Correct Answer Incorrect Answer
      D Rs. 4750 Correct Answer Incorrect Answer
      E Rs. 5900 Correct Answer Incorrect Answer

      Solution

      Amount left after two and half years = 1.10 ├Ч 1.20 ├Ч 1.20 ├Ч 4500 тАУ 3128 = 7128 тАУ 3128 = Rs. 4000 Amount received at the end of four years = 4000 + 4000 ├Ч 0.15 ├Ч 1.5 = Rs. 4900

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