Mathematics · Interest
A invests ₹(x + 1200) at a compound interest rate of 20% per annum compounded annually for 2 years and earns a total interest of ₹1,320. After 2 years, he reinvests the entire interest amount in two parts: he invests ₹(x/3) at 10% compound interest compounded annually for 2 years, and the remaining amount at 20% simple interest per annum for 2 years. What is the total interest earned from both of these new investments?
- 1432
- 2664
- 3414✓
- 4554
Correct answer
414
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