Mathematics · Interest
The compound interest on a certain sum at the rate of 10% per annum, compounded annually for two years, is Rs. 1500 less than the simple interest on the same sum for three years at the rate of 12% per annum. Find the interest earned from the simple interest scheme.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 3400
- 2Rs. 3600✓
- 3Rs. 3800
- 4Rs. 4000
Correct answer
Rs. 3600
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