New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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.
    A Rs.135 Correct Answer Incorrect Answer
    B Rs.200 Correct Answer Incorrect Answer
    C Rs.532 Correct Answer Incorrect Answer
    D Rs.225 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    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

    Practice Next

    Relevant for Exams: