Saurabh invested Rs. 5000 for 3 years at rate 10 p.c.p.a. with simple interest. Yashashri invested same amount for the same period at the same rate of interest with compound interest. Compare the interests earned by Saurabh and Yashashri. (Select two correct option)
Model Answer & Options
Source: Previous Question PapersInterest received by Yashashri was less by Rs. 1655 than Saurabh received.
Interest received by Yashashri was more by Rs. 155 than Saurabh received.
Interest received by Saurabh was more by Rs. 155 than Yashashri received.
Interest received by Saurabh was less by Rs. 155 than Yashashri received.
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