Question

A man invests ₹30,000 in a scheme offering compound interest at 15% per annum, compounded half-yearly. Another man invests ₹35,000 in a scheme offering simple interest at 18% per annum. After 2 years, what is the difference in the total amounts received by the two men?

A ₹3,450
B ₹4,550
C ₹5,250
D ₹6,150
E ₹7,536
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