Question

Neha deposited Rs. 35,000 on compound interest at 10% per annum compounded annually for 3 years, while Meha deposited Rs. 50,000 on simple interest at 18% per annum for 4 years. What is the difference between the interests earned by Meha and Neha?

A Rs.34,415
B Rs.21,415
C Rs.24,415
D Rs.24,400
E None of these
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)