Mathematics · Interest
'B' invested Rs. 'Q' in scheme 'X' that offers compound interest of 25% p.a., compounded annually. After two years, he reinvested the entire amount received from scheme 'X' in scheme 'Y' which offers simple interest of 20% p.a., for three years. If the total amount received by 'B' from scheme 'Y' at the end of three years is Rs. 18,000, then what is the value of 'Q'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 17500
- 29000
- 38000✓
- 46000
Correct answer
8000
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