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Q:

Rahul invested equal sums of money at compound interest under two schemes A and B. Under scheme A, the interest rate was 10% per annum and under scheme B, the interest rate was 12% p.a. The compound interest after two years on the sum invested in scheme A was ₹1,050. How much is the interest earned under scheme B after two years, if the interest is compounded annually in both schemes?

  • 1
    ₹1,722
  • 2
    ₹1,270
  • 3
    ₹1,272
  • 4
    ₹1,372
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Answer : 3. "₹1,272"

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