Question

Ramesh invested Rs. 7,500 in scheme ‘X’ offering simple interest of 12% p.a. 3 years later, he reinvested the entire interest earned from scheme ‘X’ in another scheme ‘Y’ offering compound interest of 8% p.a. compounded annually. Find the total amount received from scheme ‘Y’ after 2 years.

A Rs.2,149.28
B Rs.5,149.28
C Rs.7,149.28
D Rs.3,149.28
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