shudhir invested Rs.16000 in a scheme which earned him simple interest @15 % p.a. After two years he withdrew he principal amount plus interest and invested the entire amount in another scheme for two years, which earned him compound interest @12 %p.a. What would be …

Question

shudhir  invested  Rs.16000 in  a  scheme  which  earned  him  simple interest @15 %  p.a. After two  years  he  withdrew  he  principal  amount  plus  interest  and  invested  the  entire amount  in  another  scheme  for  two years, which  earned  him  compound  interest  @12 %p.a. What would  be  the  total interest  earned  by  shudhir  at  end  of   4 years ?

Subitha Surendran · Answer

Answer : 10091.5SI earned for 2 years = 30% of 16000=4800Amount after 2 years = 16000+4800=20800Scheme B interest 12% pa compunded for 2 years. Hence 25.44% of 20800 will be the interest earned.25.44% of 20800 = 5291.52Totat income from interest at the end of 4 years = 4800+5291.52= 10091.5Hope this helps.

Mamatha · Answer

11930

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