Simple Interest Practice Test 3

Question : 21 of 40

Marks: +1, -0

The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. What is the difference between their rates of interest?

0.4%
0.3%
0.2%
0.1%

Validate

Solution:

Here,

{1500×R_1×3}/100+{1500×R_2×3}/100=13.50

⇒45(R_1-R_2)=13.50

∴R_1-R_2=0.3%

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