πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Raj invested Rs. β€˜5y’ in scheme β€˜C’ offering

      simple interest of 20% p.a. and reinvested the interest earned from scheme β€˜C’ at the end of 3 years in scheme β€˜D’ offering compound interest of 25% p.a. compounded annually. If the total amount received from scheme β€˜D’ after 1 year is Rs.1500, find the value of β€˜15y’.
      A 1520 Correct Answer Incorrect Answer
      B 1120 Correct Answer Incorrect Answer
      C 6000 Correct Answer Incorrect Answer
      D 1200 Correct Answer Incorrect Answer
      E none of these Correct Answer Incorrect Answer

      Solution

      According to the question; 1.25 Γ— {0.20 Γ— 3 Γ— 5y} = 1500 Or, {0.20 Γ— 3 Γ— 5y} = 1200 Or, y = 400 So, 15y = 15 Γ— 400 = 6000

      Practice Next
      ask-question