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- The difference between the simple interest received from two different sources on Rs.
Question 1:
The difference between the simple interest received from two different sources on Rs.1500 for 3 years is Rs.13.50.The difference between their rates of interest is
A. 0.1%
B. 0.2%
C. 0.3%
Feedback (1500 x R1 x 3)/100
=> 4500 (R1-R2) = 1350
=> (R1-R2)= 1350/4500 = 0.3 %
=> 4500 (R1-R2) = 1350
=> (R1-R2)= 1350/4500 = 0.3 %
D. 0.4%
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