state gov AP Police SI (Pre+Mains) Mock Test 2022 Quantitative Aptitude Interest Simple and Compound Both
A person gives a loan of Rs. 50,000 at a rate of 8% per annum simple interest for 2 years and another Rs. 50,000 at the same rate compounded annually for 2 years. After 2 years the difference in the amount he gets back is
1
300
2
320
3
360
4
380