Question

A man invested Rs. 25,000 at simple interest of 12% p.a.

Q: Answer-A man invested Rs. 25,000 at simple interest of 12% p.a. If he had instead invested the same sum on...

ATQ, Simple interest Sum rate of interest100 time in years Simple interest earned in three years 25,000 12100 3 Rs. 9,000 Compound interest earned in three years 25,000 1 12100 - 25,000 25,000 1.12 - 25,000 25,000 1.404928 - 25,000 Rs. 35,123.2 - 25,000 Rs. 10,123.2 So, required difference 10,123.2 - 9,000 Rs. 1,123.2

If he had instead invested the same sum on compound interest of 12% p.a., compounded annually, then how much more he would have earned as interest after 3 years?

A Rs.1277.7

B Rs.1388.8

C Rs.1,123.2

D Rs.1335.2

E None of these

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