engineering recuitment MAHATRANSCO AE Electrical Mock Test Quantitative Aptitude Interest Compound Interest
Amit invested a certain sum of money at 15% per annum compound interest for 3 years and gets the interest of Rs. 4167. Had he invested the same sum of money in another scheme at 20% per annum simple interest and compound interest respectively for 3 years, then what is the difference between compound interest and simple Interest.
1
Rs. 1000
2
Rs. 1024
3
Rs. 1100
4
Rs. 1050
5
None of these