1. Directions for the next five questions: Study the following table carefully to answer the questions. Rate of interest (pcpa) offered by five companies on deposits under different schemesMr. 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 two years?
 






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  • By: anil on 05 May 2019 01.14 am
    (30000×9.5×2)/100 + (48000× 109/100× 109/100- 48000) = 5700 + (57028.8 - 48000)
    = 5700 + 9028.8 = Rs. 14728.80
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