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Question

Equal amounts of each Rs. 43892 is lent to two persons for 3 years. One @ 30% SI and second @ 30% CI annually. By how much percent the CI is greater than the simple interest received in this 3 years duration?

A
23%
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B
33%
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C
33.33%
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D
None of these
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Solution

The correct option is B 33%
In this question the initial amount taken makes no difference.
100(1.3)3=219.7CI=119.7andSI=100×3×30100=90CI is greater than SI by Rs. 29.7 (119.790)% increase=29.790×100=33.0%

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