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’?
Interest received from scheme ‘A’ = 2500 × (25/100) = Rs. 625 Amount received from scheme ‘B’ = 625 × {1 + (25/100)2} = 1.44 × 625 = Rs. 900
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