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Question

Rs. 2500 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. 910

B Rs. 920

C Rs. 900

D Rs. 930

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RRB JE

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