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    Question

    A man deposited Rs. 7500 in a bank offering compound

    interest of 10% p.a. compounded annually for first 2.5 years and after that simple interest of 12% p.a. for rest of the time. If at the end of two and half years, he withdrew Rs. 4528.75; then amount received by him at the end of 4 years will be:
    A Rs. 4210 Correct Answer Incorrect Answer
    B Rs. 5900 Correct Answer Incorrect Answer
    C Rs. 4215 Correct Answer Incorrect Answer
    D Rs. 4015 Correct Answer Incorrect Answer
    E Rs. 4315 Correct Answer Incorrect Answer

    Solution

    Amount left after two and half years = 1.05 Γ— 1.10 Γ— 1.10 Γ— 7500 – 4528.75Β = 9528.75 – 4528.75Β = Rs. 5000 Amount received at the end of four years = 5000 + 5000 Γ— 0.12 Γ— 1.5 = Rs. 5900

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