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      Question

      The interest received by investing Rs. 2800 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. 920 Correct Answer Incorrect Answer
      B Rs. 924 Correct Answer Incorrect Answer
      C Rs. 925 Correct Answer Incorrect Answer
      D Rs. 914 Correct Answer Incorrect Answer

      Solution

      Compound Interest received = 2800 ร— {1 + (20/100)}2 โ€“ 2800 = 2800 ร— (12/10)2 โ€“ 2800 = 4032 โ€“ 2800 = Rs. 1232 Simple interest received = 1232 ร— 3 ร— 25 รท 100 = Rs. 924

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