Mathematics · Interest
Mr. Yash invested Rs. 35,000 in scheme P which offers 10% compound interest per annum for three years, compounded annually. He then invested the entire amount received from scheme P into another scheme Q, which offers 8% simple interest per annum for five years. Find the total interest earned by him after the completion of 8 years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 33,219
- 2Rs. 32,219
- 3Rs. 31,219
- 4Rs. 30,219✓
Correct answer
Rs. 30,219
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