Mathematics · Simple and Compound Interest
A man invested Rs. 30,000 each in two separate schemes at 10% p.a. for 4 years. One scheme gives simple interest, while the other gives compound interest, compounded annually. Find the difference between the total interest earned from both schemes.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs. 1,923✓
- 2Rs. 1,189
- 3Rs. 1,784
- 4Rs. 1,448
Correct answer
Rs. 1,923
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