Raghu invested a certain sum in scheme x for 4 yr. Scheme x offers simple interest @ 12% p.A. For the first 2 yr and compound interest (compounded annually) @ 20% p.A. For the next 2 yr. The total interest earned by him after 4 yr is rs. 11016. What was the sum invested by raghu in scheme x
Answers
Answered by
4
Raghu invested a certain sum in scheme x for 4 yr. Scheme x offers simple interest @ 12% p.A. For the first 2 yr and compound interest (compounded annually) @ 20% p.A. For the next 2 yr. The total interest earned by him after 4 yr is rs. 11016. What was the sum invested by raghu in scheme x
Answered by
2
Answer:
Total intrest earned by him after 4 years = 11016
Similar questions