Question

Rs. 7,500 is invested in scheme ‘A’ for a year at simple interest of 25% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ which offers compound interest (compounded annually) of 20% p.a. What is the total amount received from scheme ‘B’?

A Rs. 2700
B Rs. 2000
C Rs. 2500
D Rs. 2750
Practice Next

Hey! Ask a query