1)

Sathish invests Rs. 35,500 in a scheme which earns him simple interest at 15% p.a for 2 years. At the end of 2 years he reinvests the total amount at 20% p.a. What will be the total interest earned by Satish over the principal at the end of 5 years ?


A) Rs. 30,956.80

B) Rs. 35,196

C) Rs. 40,500`

D) Rs. 44,247.20

E) Rs. 41,569.20

Answer:

Option D

Explanation:

SI= 35,500×15100×2 =10,650

A =35,500+10,650 =46,150

CI  for 3 yrs  =46,150[(1+20100)3] =33,597.20

Total interest =10,650+33,597.20 = 44,247.20