The difference between the simple interest received from two different sources

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 rates of interest is?

Options:

A . 0.1%

B . 0.2%

C . 0.3%

D . 0.4%

Answer: Option C

(1500 * R₁ * 3)/100 - (1500 * R₂ * 3)/100 = 13.50
4500(R₁ - R₂) = 1350 R₁ - R₂ = 0.3%

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