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    Question

    Rajesh invests a certain amount at an annual simple

    interest rate of 8% for 3 years. The total amount he receives after this period is then reinvested at an annual simple interest rate of 12% for the next 2 years. Determine the ratio of the initial investment to the final amount obtained at the end of the entire period.
    A 5:14 Correct Answer Incorrect Answer
    B 4:15 Correct Answer Incorrect Answer
    C 25:31 Correct Answer Incorrect Answer
    D 35:17 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ;

    Let P = 100

    Interest from first = 3 ├Ч 8% ├Ч 100 = 24

    Amount = 124

    Interest from second = 2 ├Ч 12% ├Ч 124 = 29.76

    24 : 29.76 = 25 : 31

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