Question

Vinay invested Rs. 9,500 in scheme 'A' at a simple interest rate of 12% per annum and Rs. 8,000 in scheme 'B' at a simple interest rate of 20% per annum. Calculate the difference between the interests earned from both schemes after four years.

A Rs. 1840
B Rs. 2420
C Rs. 2160
D Rs. 1580
Practice Next

Relevant for Exams:

Hey! Ask a query