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Discussion :: Simple Interest

  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?
    2. A.
    0.1%
    B.
    0.2%
    C.
    0.3%
    D.
    0.4%

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    Answer : Option C

    Explanation :

    (1500 * R1 * 3)/100 - (1500 * R2 * 3)/100 = 13.50 4500(R1 - R2) = 1350 

    R1 - R2 = 0.3%

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