Question

A principal of Rs. 'x' is invested at an annual compound interest rate of 30%, compounded yearly, and grows to Rs. 2535 after 2 years. Calculate the simple interest earned when an additional Rs. 140 is added to the principal 'x' and the total amount is then invested at an annual simple interest rate of 15% for a period of 5 years.

A Rs. 1480
B Rs. 1560
C Rs. 1620
D Rs. 1230
E Rs. 1150
Practice Next

More Simple and compound interest Questions

Relevant for Exams:

Hey! Ask a query