RBI Grade B Officer (General / DEPR / DSIM) 2024 · Question 98 of 260

Anmol invests Rs. (2P + 1500) in a bank, offering simple interest at 11.11% per annum. After three years he withdrew all amounts from the bank and invested in a scheme which offered compound interest at 50% per annum. Total amount received from the sc heme after two years is Rs. (10.2P – 1800). Find which of the following statement(s) is/are definitely true? I). Interest received from the scheme is (5.2P – 300). II). Amount invested by Anmol in bank is Rs. 4500 III). Interest received from the Bank is Rs. P

Simple & Compound Interest

1. AA. II only
2. BB. I and II only
3. CC. I and III only
4. DD. II and III only
5. EE. None of theseCorrect