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’?Solution
Calculate the simple interest from scheme A Principal (P) = ₹2500 Rate of interest (R) = 25% per annum Time (T) = 1 year The formula for simple interest is: 
Substitute the values: 
The interest received from scheme A is ₹625.
Reinvest the interest in scheme B at compound interest Principal for scheme B = ₹625 (interest received from scheme A) Rate of interest (R) = 20% per annum Time (T) = 2 years The formula for compound interest (compounded annually) is: 
Substitute the values: 
The total amount received from scheme B is ₹900.
Tagetes patula marigold is also known as
Tiller Production in rice is greatly affected by
The United Nations Assembly declared as the International Year of Fruits and Vegetables.
FMD vaccine is given to sheep at an interval of ?
Which state have highest percentage area of forest?
A car when passes through a convex bridge exerts a force on it which is equal to-
Cultivation of crops in areas receiving annual rainfall more than750 mm but less than 1150 mm is known as
We can cut the DNA with the help of
 When was the commercial cultivation of rubber initiated in India?
The detection of ghee with vanaspati can be done by
Relevant for Exams:
