Company D offers compound interest under scheme II and simple interest under scheme IV. Abhijit invested Rs. 25000 with this company under scheme IV and after 1 year switched over to scheme II along with the interest for one more year. What is the total amount he will get at the end of 2 years?

Rs. 28939.25

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs. 29838.75

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rs. 31748.25

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs. 31738.75

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Rs. 29838.75
S.I. earned under scheme IV of company D
$= \frac{25000 \times 9.5}{100} = R s . 2375$
Amount $= R s . (25000 + 2375) = R s . 27375$
Total amount under scheme II
$= R s . 27375 (1 + \frac{9}{100}) = R s . (\frac{27375 \times 109}{100}) = R s . 29838.75$

Suggest Corrections

Similar questions

Q. Abhishek invested an amount of Rs. 45000 for 2 years with company B under scheme III which offers compound interest and Jeevan invested an equal amount for 2 years with company C under scheme IV which offers simple interest. Who earned more interest and how much?

Company E offers compound interest under scheme I and company A offers simple interest under scheme IV. What will be the difference between the interest earned under scheme I of company E and scheme IV of company A respectively in 2 years on an amount of Rs. 1.2 lakhs?

Q. Mr. Lal invested Rs. 30000 in company A under scheme II which offers simple interest and Rs. 48000 in company D under scheme II which offers compound interest. What will be the total amount of interest earned by Mr. Lal in 2 years?

Mr. X deposited an amount in scheme II with company C for 2 years. After that, he withdrew the amount and reinvested only the principal amount in scheme IV of company B for 2 years. The total amount of simple interest accrued from the two schemes is Rs. 14800. What was the principal amount?

Q. Prem invested a certain sum in Scheme A, which offers simple interest at 8% per annum for 4 years. He also invested Rs. 2000 in Scheme B, which offers compound interest (compounded annually) at 20% per annum for 2 years. If the interest earned from Scheme A is

\frac{17}{11} t h

of the interest from Scheme B, what is the sum invested in Scheme A?

Join BYJU'S Learning Program

Company D offers compound interest under scheme II and simple interest under scheme IV. Abhijit invested Rs. 25000 with this company under scheme IV and after 1 year switched over to scheme II along with the interest for one more year. What is the total amount he will get at the end of 2 years?

The correct option is B Rs. 29838.75S.I. earned under scheme IV of company D =25000×9.5100=Rs.2375 Amount =Rs.(25000+2375)=Rs.27375 Total amount under scheme II =Rs.27375(1+9100)=Rs.(27375×109100)=Rs.29838.75

The correct option is B Rs. 29838.75
S.I. earned under scheme IV of company D
$= \frac{25000 \times 9.5}{100} = R s . 2375$
Amount $= R s . (25000 + 2375) = R s . 27375$
Total amount under scheme II
$= R s . 27375 (1 + \frac{9}{100}) = R s . (\frac{27375 \times 109}{100}) = R s . 29838.75$