Question

The interest received by investing Rs. 1000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 4 years at simple interest of 20% p.a. Find the simple interest received.

A Rs. 350
B Rs. 353
C Rs. 352
D Rs. 354
E None of these
Practice Next

More Simple and compound interest Questions

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)