Question:
Arvind and Govind each invested Rs. 15000 for 3 years at the same rate of interest but Arvind's investment is compounded annually while Govind's investment is charged on simple interest. What amount did Arvind receive more than Govind?
Arvind and Govind each invested Rs. 15000 for 3 years at the same rate of interest but Arvind's investment is compounded annually while Govind's investment is charged on simple interest. What amount did Arvind receive more than Govind?
Updated On: Oct 16, 2024
- Rs. 680
- Rs. 3450
- Data insufficient
- None of these
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The Correct Option is C
Solution and Explanation
The correct option is (C):Data insufficient
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