Company C offers compound interest under scheme III and simple interest under scheme IV. Harsh invested Rs. 25,000 with this company under scheme IV and after one year switched to scheme III along with the interest for two more years. What is the total interest he received in three years?

Company C offers compound interest under scheme III and simple interes

1.	Company C offers compound interest under scheme III and simple interest under scheme IV. Harsh invested Rs. 25,000 with this company under scheme IV and after one year switched to scheme III along with the interest for two more years. What is the total interest he received in three years?
A.	Rs. 6979.80
B.	Rs. 7221.80
C.	Rs. 7591.80
D.	Rs. 7987.80
E.	None of these
Answer» C. Rs. 7591.80

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Company C offers compound interest under scheme III and simple interest under scheme IV. Harsh invested Rs. 25,000 with this company under scheme IV and after one year switched to scheme III along with the interest for two more years. What is the total interest he received in three years?

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