Question

Rs. 8,000 is invested in scheme ‘A’ offering simple

Q: Answer-Rs. 8,000 is invested in scheme ‘A’ offering simple interest of 18% p.a. and Rs. 6,000 in scheme ‘B’...

Interest earned from scheme A 8000 3 18 100 Rs. 4320 Interest earned from scheme B 6000 3 7 100 Rs. 1260 So, difference in interest earned 4320 1260 Rs. 3060

interest of 18% p.a. and Rs. 6,000 in scheme ‘B’ offering simple interest of 7% p.a. What is the difference in interests earned from the two schemes after 3 years?

A Rs. 3060

B Rs. 3000

C Rs. 3010

D Rs. 3070

E None of these

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