Multiple choice

A man invested Rs X in a scheme A at the rate of 10% compounded annually for 2 years. Man invested total amount received from scheme A in another Scheme B at the rate of 5% for 2 years at simple interest. find the interest received from scheme B is what % of interest received from Scheme A?

  1. $62.56%$
  2. $54.89%$
  3. $57.61%$
  4. $44.67%$
  5. $58.23%$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

After 2 years at 10% compound interest, amount = X(1.1)² = 1.21X. Interest from scheme A = 0.21X. This 1.21X invested at 5% simple interest for 2 years gives interest = 1.21X × 0.05 × 2 = 0.121X. Required percentage = (0.121X / 0.21X) × 100 = 57.61%.

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