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      Question

      Suresh deposited Rs. 25,000 in scheme ‘A’ which

      offers simple interest of 8% p.a., for 4 years and Rs. 5,000 in scheme ‘B’ which offers simple interest of 12% p.a., for 3 years. Find total amount received from both schemes together.
      A Rs. 39,800 Correct Answer Incorrect Answer
      B Rs. 9,800 Correct Answer Incorrect Answer
      C Rs. 30,000 Correct Answer Incorrect Answer
      D Rs. 40,000 Correct Answer Incorrect Answer

      Solution

      Total interest received from scheme ‘A’ and ‘B’
      = {(25000 × 8 × 4)/100} + {(5000 × 12 × 3)/100}
      = (8000 + 1800)
      = Rs. 9,800 So, total amount received from scheme ‘A’ and ‘B’
      = (25000 + 5000 + 9800)
      = Rs. 39,800

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