Question

The difference of simple interest from two banks on Rs. 8,000 in 3 years is Rs. 800. If the rate of interest per annum in two banks is R1 and R2, then what is the value of R1- R2? (Where R1 > R2)

A 3.33%
B 4.53%
C 5.33%
D 2.43%
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