Q:

Rahul invested equal sums of money at compound interest under two schemes A and B. Under scheme A, the interest rate was 10% per annum and under scheme B, the interest rate was 12% p.a. The compound interest after two years on the sum invested in scheme A was ₹1,050. How much is the interest earned under scheme B after two years, if the interest is compounded annually in both schemes?

• 1
  ₹1,722
• 2
  ₹1,270
• 3
  ₹1,272
• 4
  ₹1,372