Question

'P' invests a certain amount at an annual compound interest rate of 15% for two years, earning Rs. 3870 in interest. He then reinvests the total sum she received after two years at a 10% annual rate of simple interest for another three years. Calculate the simple interest 'P' earns from this second investment.

A Rs.3661
B Rs.4165
C Rs.4761
D Rs.4701
E none of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query