Question
Ramesh invested Rs. 8,000 in scheme ‘X’ offering simple
interest of 15% p.a. After 3 years, he reinvested the total interest earned from scheme ‘X’ in scheme ‘Y’ offering compound interest of 8% p.a compounded annually. Calculate the total amount received from scheme ‘Y’ after 2 years.Solution
ATQ,
Interest received from scheme ‘X’ = (8000 × 15 × 3) ÷ 100 = Rs. 3,600
Total amount received from scheme ‘Y’ = 3600 × {1 + (8/100)}² = 3600 × (108/100)²= 3600 × 1.1664 = Rs. 4,199.04
More Simple and compound interest Questions
(21% of 360) ÷ 0.8 =?
(? + 16) × 12 + 25% of 840 = 252 + 5
Determine the simplified value of the given mathematical expression.
![](https://www.ixambee.com/anubhav_test/202502071530531128421777.png...</a></li> <li><a href="https://www.ixambee.com/questions/quantitative-aptitude/simplification/433653" class=)
√2025 + √1024 - √1296 = 20% of ?
(5⁴) 5 × (25³)³=?
√( (664+ √(136+ √(59+ √(21+ √(7+ √81) ) ) ) ) ) = ?
What will come in place of (?) in the given expression.
(3/4 of 64) + (1/2 of 48) = ?35% of 500 × 22% of ? = 847
721 +21 x 9 - 118 = ? + 82
(23.95)2 – (25.006)2 + (8.0099)2 – (7.07)2 = ? - (14.990)2
