Question 71

Nutan gets two offers of loan from a bank and an app. The app offered Rs. 10,000 at 15 Percent per annum compounded annually for 2 years and the bank offered the same amount at the same rate and for the same time but on simple interest. Find the difference between the interests.

Create a FREE account and get:

  • Free SSC Study Material - 18000 Questions
  • 230+ SSC previous papers with solutions PDF
  • 100+ SSC Online Tests for Free

Join CAT 2026 course by 5-Time CAT 100%iler

Start your IIM journey with the right preparation and crack CAT 2026.

Ask AI