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      Question

      Rs. 8,600 is invested in scheme ‘A’ offering simple

      interest of 25% p.a. and Rs. 6900 in scheme ‘B’ offering simple interest of 12% p.a. What is the difference in interests earned from the two schemes after 3 years?
      A Rs. 3960 Correct Answer Incorrect Answer
      B Rs. 3866 Correct Answer Incorrect Answer
      C Rs. 3966 Correct Answer Incorrect Answer
      D Rs. 3956 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Interest earned from scheme ‘A’ = (8600 × 3 × 25) ÷ 100 = Rs. 6450 Interest earned from scheme ‘B’ = (6900 × 3 × 12) ÷ 100 = Rs. 2484 So, difference in interest earned = 6450 – 2484 = Rs. 3966

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