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Question

The difference between the interest received from two different banks on Rs. 500 for 2 years is Rs. 2.50. The difference between their rates is ?

Q: The difference between the interest received from two different banks on Rs. 500 for 2 years is Rs.

Use the formula sum = Diff. in interest *100/Times*Diff. in rates `=>500 = (2.5xx100)/(2xx x)` x = 0.25% (on solving)

A 0.21%

B 0.22%

C 0.25%

D 0.27%

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Question

The difference between the interest received from two different banks on Rs. 500 for 2 years is Rs. 2.50. The difference between their rates is ?

Solution

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