Question

Rs. 6,600 is invested in scheme ‘A’ offering simple

Q: Answer-Rs. 6,600 is invested in scheme ‘A’ offering simple interest of 20% p.a. and Rs. 4500 in scheme ‘B’...

Interest earned from scheme A 6600 3 20 100 Rs. 3960 Interest earned from scheme B 4500 3 10 100 Rs. 1350 So, difference in interest earned 3960 1350 Rs. 2610

interest of 20% p.a. and Rs. 4500 in scheme ‘B’ offering simple interest of 10% p.a. What is the difference in interests earned from the two schemes after 3 years?

A Rs. 2620

B Rs. 2630

C Rs. 2610

D Rs. 2640

E None of these

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