A sum of Rs. _________ is invested in scheme ‘A’ at an interest rate of 16% per annum for 5 years under simple interest. Then, 75% of the amount recei...

Question

A sum of Rs. _________ is invested in scheme ‘A’ at an interest rate of 16% per annum for 5 years under simple interest. Then, 75% of the amount received from scheme ‘A’ is reinvested in scheme ‘B’, which offers compound interest at 20% per annum for 2 years. The total interest earned from scheme ‘B’ is Rs. _________.

Identify the correct pair of principal amount and interest from scheme ‘B’ from the following options:

Options

A.

Rs. 8500 & Rs. 5049

B.

Rs. 13000 & Rs. 7722

C.

Rs. 16000 & Rs. 6336

D.

Rs. 7500 & Rs. 5940

simple interestcompound interestinvestmentinterest calculationbanking aptitude

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