187 views

0 votes

Two persons $\text{A}$ and $\text{B}$ invested $10000$ each in scheme I and scheme II respectively for $3$ years. Scheme I offers simple interest of $11\%$ per annum and scheme II offers compound interest of $10 \%.$ After $3$ years, who will have larger amount and by how much ?

- $\text{A, Rs. 1}$
- $\text{B, Rs. 1}$
- $\text{A, Rs. 10}$
- $\text{B, Rs. 10}$