Mathematics · Interest
HDFC lends ₹ 1 million to HUDCO at 10% p.a. simple interest for three years and HUDCO lends the same amount to Sahara States Housing Corporation at 10% p.a. compound interest for three years. What is the total earning of HUDCO from this transaction?
- 1₹ 31,000
- 2₹ 33,100✓
- 3₹ 1,33,100
- 4₹ 32,100
Correct answer
₹ 33,100
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