other govt exam BARC DAE Junior Purchase Assistant / Junior Storekeeper Mock Test Quantitative Aptitude Interest Simple and Compound Both
A lent out Rs. 15000 on simple interest at the rate of interest of 24% for 2 years. B lent out the same amount of money on compound interest calculated annually at the rate of interest 20% for 2 years. Find the difference between the interests.
1
Rs. 120
2
Rs. 400
3
Rs. 200
4
Rs. 600