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| 1. |
Equal sums of money were invested in scheme A and scheme B for two years. Scheme A offers simple interest and scheme B offers compound interest (compounded annually) and the rate of interest (p.c.p.a) for both the schemes are same. The interest accrued from Scheme A after two years is Rs. 2560/- and from scheme B is Rs. 2688/-. Had the rate of interest (p.c.p.a) of scheme A been 6% more, what would have been the interest accrued from Scheme A after two years? |
| A. | Rs. 3972/- |
| B. | Rs. 4124/- |
| C. | Rs. 4266/- |
| D. | Rs. 4096/- |
| Answer» E. | |