The simple interest at the rate of 6% p.a. received on a pri

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58

M: +1.00/-0.25

The simple interest at the rate of 6% p.a. received on a principal of Rs. X was RS.482.40 when invested for 3 years in scheme A. If scheme B offered compound interest compounded annually at 10% p.a., what was the interest received by investing Rs. (X-680) for 2 years in scheme B ?

[SBI Clerk 29 may2016]

A Rs.420/-

B Rs.490/-

C Rs.720/-

D Rs.540/-

E Rs.650/-