Question

An amount of Rs. 2400 is invested at an annual compound interest rate of 20%, while another amount of Rs. 1600 is invested simultaneously at an annual simple interest rate of 15%. Calculate the total interest generated from both investments after 2 years.

A Rs. 1650
B Rs. 1580
C Rs. 1600
D Rs. 1536
E None of these
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)