Question

P invested Rs. 20,000 in a SIP offering 10% compound interest compounded annually, whereas M invested Rs. 2000 more than the amount invested by P in a SIP offering 11% simple interest. The difference between the interests earned by P and M after three years is Rs. 640. "The values given in which of the following options make the above statement true?"
I.  2000, 640
II. 1500, 450
III. 3000, 975
IV. 500, 145

A IV and III
B I and IV
C Only I
D I and III
E None of these
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