Mosses invested Rs 20 000 in a scheme at simple interest 15 per annum After three years he withdrew ...........

Quantitative Aptitude ( CCS) Compound Interest

Mosses invested Rs. 20,000 in a scheme at simple interest @ 15% per annum. After three years he withdrew the principal amount plus interest and invested the entire amount in another scheme for two years, which earned him compound interest @ 12% per annum. What would be the total interest earned by Mosses at the end of 5 years?

Rs. 16377.6

Rs. 10152.3

Rs. 11012.14

Rs. 12500

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Explanation:

SI= 20,000*15*3/100=9000
Amount=20,000+9000=29,000
Now CI= 29,000*(1+12/100)² = 29,000 * 28/25 * 28/25 = 36,377.6
A-P=36, 377.6-29000=7377.6
After 5yrs 7377.6+9000=16,377.6

Hence, option 1 is the correct answer.

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