Question

Mark invested Rs 15,000 in a scheme at simple interest 20% per annum. After three years he withdrew the principal amount plus invested the entire amount in another scheme for two years, which earned him compound interest 12% per annum. What would be the interest earned by Mark at the end of five years?

Q: Answer-&lt;p&gt;Mark invested Rs 15,000 in a scheme at simple interest 20% per annum. After three years he...

S.I 15000 x 20 x 3100 Rs 9,000 Amount 15,000 9,000 Rs 24,000 A P1 r100n A 24,0001 121002 A 24,00028252 A Rs 30,105.6 C.I A ndash P 30,105.6 ndash 24,000 Rs 6,105.6 After five years, Total interest Rs 9,000 6,105.6 Rs 15,105.6

A Rs 15,150.6

B Rs 15,015.6

C Rs 15,005.6

D Rs 15,105.6

E None of these

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