The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is?
Pick one: A) 0.7% B) 8.3% C) 0.3% D) 0.39% E) 2.3%
(1500 * R1 * 3)/100 - (1500 * R2 * 3)/100   = 13.50 4500(R1 - R2)   = 1350   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. 13.50. The difference between their rates of interest is?