Question

Raj invested Rs. ‘5y’ in scheme ‘C’ offering

Q: Answer-Raj invested Rs. ‘5y’ in scheme ‘C’ offering simple interest of 20% p.a. and reinvested the interest...

According to the question 1.25 0.20 3 5y 1500 Or, 0.20 3 5y 1200 Or, y 400 So, 15y 15 400 6000

simple interest of 20% p.a. and reinvested the interest earned from scheme ‘C’ at the end of 3 years in scheme ‘D’ offering compound interest of 25% p.a. compounded annually. If the total amount received from scheme ‘D’ after 1 year is Rs.1500, find the value of ‘15y’.

A 1520

B 1120

C 6000

D 1200

E none of these

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