engineering recuitment ICAR (IARI) Assistant (Pre + Mains) 2022 Mock Test Quantitative Aptitude Interest Simple and Compound Both
Varun and Madhur invested Rs. 25,000 each in different schemes. Varun earned simple interest at 11% per annum, whereas Madhur earned compound interest at 10% per annum compounded annually. Who received more interest after 2 years and how much?
1
Varun, Rs. 500
2
Madhur, Rs. 250
3
Madhur, Rs. 302.50
4
Varun, Rs. 250