If the simple interest on Rs. 3000 is less than the Simple Interest on Rs. 2000 at 5% by Rs. 50, find the time? Options: A . &nbsp1 B . &nbsp2 C . &nbsp3 D . &nbsp4 E . &nbspNone of these

If the simple interest on Rs. 3000 is less than the Simple Interest on Rs. 2000

Question

If the simple interest on Rs. 3000 is less than the Simple Interest on Rs. 2000 at 5% by Rs. 50, find the time?

Answer: Option A
-

Here

P1 = Rs. 3000

P2 = Rs. 2000

Difference in interest =

(Difference in P) x N x R

100

50 =

1000 x 5 x N

; N = 1 year

100

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