An amount of Rs. 43,892 is lent to each of two persons for 3 years. One at the rate of 30% simple interest and the other at the rate of 30% compound interest, compounded annually. by what percentage will the simple interest be less than the compound interest received in this 3 - year duration (correct to one decimal place)?

An amount of Rs. 43,892 is lent to each of two persons for 3 years. On

1.	An amount of Rs. 43,892 is lent to each of two persons for 3 years. One at the rate of 30% simple interest and the other at the rate of 30% compound interest, compounded annually. by what percentage will the simple interest be less than the compound interest received in this 3 - year duration (correct to one decimal place)?
A.	24.7%
B.	23.8%
C.	22.7%
D.	25.7%
Answer» B. 23.8%

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