Question

Sneha deposited Rs. 18000 at a simple interest rate of 10% per annum, whereas Riya deposited Rs. 17500 at compound interest of 9% per annum, compounded annually. Calculate the difference in interest earned by Sneha and Riya after 2 years.

A Rs.308.25
B Rs.250.55
C Rs.330.75
D Rs.445.44
Practice Next

Relevant for Exams:

Hey! Ask a query