The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 12.50. The difference between their rates of interest is? Answers.
A) A)2.4%
B) B)2.6%
C) C)0.3%
D) D)2.0%
E) E)1.3%
(1500 * R1 * 3)/100 - (1500 * R2 * 3)/100 = 12.50 4500(R1 - R2) = 1250   R1 - R2 = 0.3%   Answer:0.3%
<result>C</result>
The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 12.50. The difference between their rates of interest is?