Question
Rs. 2500 is invested in scheme ‘A’ for a year at
simple interest of 25% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ which offers compound interest (compounded annually) of 20% p.a. What is the total amount received from scheme ‘B’?Solution
Calculate the simple interest from scheme A Principal (P) = ₹2500 Rate of interest (R) = 25% per annum Time (T) = 1 year The formula for simple interest is: 
Substitute the values: 
The interest received from scheme A is ₹625.
Reinvest the interest in scheme B at compound interest Principal for scheme B = ₹625 (interest received from scheme A) Rate of interest (R) = 20% per annum Time (T) = 2 years The formula for compound interest (compounded annually) is: 
Substitute the values: 
The total amount received from scheme B is ₹900.
- Which of the following organization will create Farmer Distress Index?Â
Which of the following statement is/are INCORRECT about Chandrayaan-3?
1. With the successful landing of the Lander Module of ISRO’s third luna...
Who among the following is one of the winners of the 2019 United Nations Military Gender Advocate Award?
Which of the following acids is NOT present in fruits or vegetables?
What is the primary aim of the Atal Innovation Mission (AIM)?
Gautamiputra Satakarni titled Rajaraja and Maharaja is related to which of the following dynasties?
MIUI is an Android-based mobile operating system developed and maintained by ______Â
Which of the Following is true regarding UPI? ( January 2023 )
I - It is an advanced version of Immediate Payment Service ( IMPS )- round – ...
Who among the following Indian women freedom fighters popularly known as Grand Old Lady?
Who won the ladies' singles tennis title at the 2023 Wimbledon Championships by defeating Ons Jabeur in the final?
Relevant for Exams:
