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Question

Kamal invested Rs. 6,250 in scheme 'A', which provided a simple interest rate of 13% per annum. After 4 years, he reinvested the entire interest earned from scheme 'A' into scheme 'B', which offers a compound interest rate of 10% per annum, compounded annually. Calculate the total amount Kamal will receive from scheme 'B' after 2 years.

A Rs. 3,675.40

B Rs. 4,132.50

C Rs. 3,932.50

D Rs. 4,225.50

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