## A person invested an amount of Rs 150000. 30% of the amount was invested in a b

Practice Simplification – A person invested an amount of Rs 150000. 30% of the amount was invested in a bond which gave simple interest at the rate of 20% per annum. Remaining was deposited in a bank where the amount was compounded yearly at the rate of 20% per annum. The term of deposit in both situations was 2 years. What will be the difference between the compound interest and the simple interest.