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    Question

    An amount of Rs. 7200 is invested at 30% p.a. simple

    interest for 5 years. The interest gained is then deposited at 10% p.a. compound interest for 2 years. Calculate the interest earned on the deposited amount.
    A Rs.2200 Correct Answer Incorrect Answer
    B Rs.1250 Correct Answer Incorrect Answer
    C Rs.2268 Correct Answer Incorrect Answer
    D Rs.2650 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Interest received from the simple interest = (7200 ├Ч 30 ├Ч 5)/100 = Rs. 10,800 Interest received from the compound interest = 10,800(1 + 10/100)┬▓ тАУ 10,800 = Rs. 2268

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