Question

Rs. 5,500 is invested in scheme ‘A’ offering simple

Q: Answer-Rs. 5,500 is invested in scheme ‘A’ offering simple interest of 15% p.a. and Rs. 8,000 in scheme ‘B’...

Interest earned from scheme A 5500 3 15 100 Rs. 2475 Interest earned from scheme B 8000 3 5 100 Rs. 1200 So, difference in interest earned 2475 1200 Rs. 1275

interest of 15% p.a. and Rs. 8,000 in scheme ‘B’ offering simple interest of 5% p.a. What is the difference in interests earned from the two schemes after 3 years?

A Rs. 1275

B Rs. 1225

C Rs. 1235

D Rs. 1245

E None of these

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