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%
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
33%
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
33.33%
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None of these
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is B 33% In this question the initial amount taken makes no difference. 100(1.3)3=219.7⇒CI=119.7andSI=100×3×30100=90∴CIisgreaterthanSIbyRs.29.7(119.7−90)∴%increase=29.790×100=33.0%