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    Question

    The interest received by investing Rs. 3000 for 2 years

    at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple interest of 28% p.a. Find the simple interest received.
    A Rs. 1008.8 Correct Answer Incorrect Answer
    B Rs. 1208.8 Correct Answer Incorrect Answer
    C Rs. 1108.8 Correct Answer Incorrect Answer
    D Rs. 1200.8 Correct Answer Incorrect Answer

    Solution

    Compound Interest received = 3000 ├Ч {1 + (20/100)}2 тАУ 3000 = 3000 ├Ч (12/10)2 тАУ 3000 = 4320 тАУ 3000 = Rs. 1320 Simple interest received = 1320 ├Ч 3 ├Ч 28 ├╖ 100 = Rs. 1108.8

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