Question
Quantitative Aptitude Question on SI & CI
Find the sum if the difference between the Compound Interest and the Simple Interest for 3 years is Rs.25029 at 9 % p.a. when the interest is compounded annually.
A
Rs.500580
B
Rs.1000000
C
Rs.1003560
D
Rs.1200060
Answer
Rs.1000000
Explanation
Solution
The correct answer is (B): Rs.1000000