Varun and Madhur invested ₹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 moreinterest after 2 years and how much?

A

Madhur, ₹302.50

B

Madhur, ₹250

C

Varun, ₹500

D

Varun, ₹250