Simple Interest Practice Test 4

Question : 22 of 26

Marks: +1, -0

The difference between the interests received from two different investments on Rs 25,000 for 2 years is Rs 125. The difference between their rates is:

0.5%
2.5%
0.25%
1%

Validate

Solution:

P = Rs 25,000 T = 2 years
Difference between their SI = Rs 125
Difference between their rates =

(R_1 - R_2)

({P×R_1×T}/100-{P×R_2×T}/100)=125

{25000×2}/100(R_1-R_2)=125

R_1-R_2=0.25%

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