Question

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

A 5(1/3)%
B 3(1/3)%
C 1(1/3)%
D 2(1/3)%
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