Mathematics · Simple and Compound Interest
A person invested Rs. 18,000 each in two different schemes for 2 years. One scheme offered 15% p.a. simple interest and the other offered 15% p.a. compound interest, compounded annually. Find the difference between the interest earned from both schemes.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 456
- 2Rs. 405✓
- 3Rs. 489
- 4Rs. 411
Correct answer
Rs. 405
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