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    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)% Correct Answer Incorrect Answer
    B 3(1/3)% Correct Answer Incorrect Answer
    C 1(1/3)% Correct Answer Incorrect Answer
    D 2(1/3)% Correct Answer Incorrect Answer

    Solution

    (8000 × R1 × 3)/100 - (8000 × R2 × 3)/100 = 800 (8000 × 3 )/100 (R1 - R2) = 8000 R1 - R2 = (800 × 100)/(8000 × 3) = 10/3 = 3(1/3)%

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