Simple Interest Practice Test 2

Question : 25 of 40

Marks: +1, -0

The difference between the simple interests received from two different sources on Rs 2,500 for 4 years is Rs 49. What is the difference between their rates of interest?

0.50%
0.25%
0.89%
0.49%
0.75%

Validate

Solution:

According to the question,

({ 2500×R_1×4}/100)-({2500×R_2×4}/100)=49

10000/100(R_1-R_2)=49

R_1=R_2=0.49%

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