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    Question

    Anita invested Rs. 5400 in scheme 'P,' which offers a

    15% per annum simple interest rate, and she invested Rs. 3800 in scheme 'Q,' offering a 25% per annum simple interest rate. After 2 years, calculate the difference between the interest earned by Anita from these two schemes.
    A Rs.28 Correct Answer Incorrect Answer
    B Rs.20 Correct Answer Incorrect Answer
    C Rs.30 Correct Answer Incorrect Answer
    D Rs.24 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Difference of the interest received by both schemes =  (3800 × 0.25 × 2) – (5400 × 0.15 × 2)  = Rs. 28

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