Question
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 rate of interest is:
Answer: Option C
- 1500 x R1 x 3 - 1500 x R2 x 3 = 13.5 100 100 4500 (R1 - R2) = 1350 R1 - R2 = 1350 = 0.30% 4500
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- 1500 x R1 x 3 - 1500 x R2 x 3 = 13.5 100 100 4500 (R1 - R2) = 1350 R1 - R2 = 1350 = 0.30% 4500
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