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NIELIT 2022 Feb Scientist D - Section D-3

 

Two person $\text{A}$ 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 ?

  1. $\text{A, Rs. 1}$
  2. $\text{B, Rs. 1}$
  3. $\text{A, Rs. 10}$
  4. $\text{B, Rs. 10}$
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