I invested Rs. 30,000 at S.I. for 2 years @ 12% p.a. How much more or less would have been my return, if I had invested it at C.I. @ 11% p.a.
Explanation:
S.I. = 30000×2×12100=7200
C.I. =300001+111002-1=6963
∴ Loss = 7200 – 6963 = Rs. 237.
Hence, option (a).
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