Anindita invests a total of 1 lakh rupees distributed across three schemes A, B and C for a period of two years. These schemes offer an interest rate of 10%, 8% and 12% per annum, respectively, each compounded annually. If the initial investment amount in scheme A is 30000 rupees and the total interest earned from all the three schemes during the first year is 10600 rupees, then the total interest earned, in rupees, from all the three schemes for the second year is _________
- A11748
- B10308
- C19708
- D22348
Reveal answer
Correct answer
A.11748
Reveal solution
Year 1 interest equation gives B = ₹20000, C = ₹50000. Year 2 amounts: A → 33000 × 10% = 3300, B → 21600 × 8% = 1728, C → 56000 × 12% = 6720. Total = 11748.