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      Question

      Raj invested Rs. โ€˜5yโ€™ in scheme โ€˜Cโ€™ offering

      simple interest of 20% p.a. and reinvested the interest earned from scheme โ€˜Cโ€™ at the end of 3 years in scheme โ€˜Dโ€™ offering compound interest of 25% p.a. compounded annually. If the total amount received from scheme โ€˜Dโ€™ after 1 year is Rs.1500, find the value of โ€˜15yโ€™.
      A 1520 Correct Answer Incorrect Answer
      B 1120 Correct Answer Incorrect Answer
      C 6000 Correct Answer Incorrect Answer
      D 1200 Correct Answer Incorrect Answer
      E none of these Correct Answer Incorrect Answer

      Solution

      According to the question; 1.25 ร— {0.20 ร— 3 ร— 5y} = 1500 Or, {0.20 ร— 3 ร— 5y} = 1200 Or, y = 400 So, 15y = 15 ร— 400 = 6000

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