Question

Arjuna deposited Rs.90,000 in an SIP that offers simple interest at a rate of 10% per annum for 3 years. Had he deposited the same amount for 2 years in another SIP offering compound interest at a rate of 20% per annum, how much more interest would he have received?

A Rs.10250
B Rs.12600
C Rs.12000
D Rs.13250
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query