A sum of ₹30,000 is invested in two different schemes for 2 years. The first scheme earns compound interest at an interest rate of 8% per annum (compounded annually), while the second scheme earns compound interest at an interest rate of 6% per annum (compounded annually). Find the difference between the compound interest earned from the two schemes.
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) ₹1284
- (B) ₹1210
- (C) ₹1087
- (D) ₹1344
Verified Answer
Option (A): ₹1284
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