Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Quantitative Aptitude Interest Simple and Compound Both
A man deposits ₹5000 in a bank at the rate of 12% simple interest for 2 years. He also deposits another amount of ₹5000 in another bank at the same rate of 12% compound interest, compounded annually. Find the difference between the simple interest and compound interest generated on the amount after 2 years
1
₹72
2
₹1200
3
₹1272
4
₹272