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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 × 8% × 100 = 24

      Amount = 124

      Interest from second = 2 × 12% × 124 = 29.76

      24 : 29.76 = 25 : 31

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