Question

The interest received by investing Rs. 4000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple interest of 25% p.a. Find the simple interest received.

A Rs. 1220
B Rs. 1420
C Rs. 1320
D Rs. 1300
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query