Simple Interest vs Compound Interest

CMAT 2025 · QTDI · Medium · Quantitative Aptitude

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Equal amounts of each ₹ 1,000 is lent to two persons for 3 years one @ 30% simple interest and second at 30% compound interest annually. By how much percent is the compound interest greater than the simple interest received in this 3 years duration.

  1. A.

    23%

  2. B.

    33%

  3. C.

    33.33%

  4. D.

    30%

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