Question

14. A bank offers you simple interest of 20% for three years on your savings of
Rs. 10,000. A second bank offers you 17% but compounded annually for the
same three years. What is the difference in total interest after the three
years?
A. Compound higher by 2570 B. Simple higher by 16613
V. Simpler lower by 16:13.
D. Exactly the samne.​

Answer 1

Answer:

A very lower difference between both of them...It is just 16 rs difference