Mathematics · Compound Interest and Simple Interest
Nitesh invested Rs. 24,000 at 15% per annum compound interest compounded annually. Ravi invested an equal amount at 18% per annum simple interest. How much less interest did Nitesh receive than Ravi after 3 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 456
- 2Rs. 459✓
- 3Rs. 463
- 4Rs. 412
Correct answer
Rs. 459
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