Mathematics · Compound Interest
Ravi invested Rs. 25,000 in two different schemes for 3 years. Both schemes offer an interest rate of 12% p.a., but one offers simple interest and the other offers compound interest (compounded annually). Find the difference between the interests earned from both schemes after 3 years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1336.00
- 2Rs. 1536.00
- 3Rs. 1080.25
- 4Rs. 1123.20✓
Correct answer
Rs. 1123.20
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