Question
Rohit invested Rs. 3000 in scheme 'C' for 4 years and
Rs. 4500 in scheme 'D' for 3 years. If the simple interest rate for both schemes is 15% per annum, calculate the difference in the interest received from both schemes.Solution
ATQ, Interest from scheme 'C': 3000×0.15×4=Rs.1800 Interest from scheme 'D': 4500×0.15×3=Rs.2025 Difference in interest: 2025−1800=Rs.225 Answer: The difference in interest received from both schemes is Rs.225
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