Mathematics · Simple and Compound Interest
A lent ₹10,000 to B for 3 years on compound interest at 10% per annum compounded annually. C lent the same amount for the same period to D at 11% simple interest. Who gained more at the end of 3 years and by how much?
- 1A gained ₹376 more
- 2C gained ₹10 more
- 3A gained ₹10 more✓
- 4C gained ₹300 more
Correct answer
A gained ₹10 more
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