Practicing Success
The difference between the simple interest received from two different sources on ₹2500 for 2 years is ₹12.50. The difference between their rates of interest is : |
0.7% 0.18% 0.25% 0.3% |
0.25% |
S.I. = \(\frac{P × R × T }{100}\) ⇒ S.I.2 - S.I.1 = 12.50, (principal is same) ⇒ \(\frac{P × R_2 × 2 }{100} - \frac{P × R_1 × 2 }{100}\)= 12.50 ⇒ \(\frac{2500}{100}\) × 2 (R2 - R1) = 12.50 ⇒ (R2 - R1) = \(\frac{12.50× 100 }{2500 × 2}\) ⇒ (R2 - R1) = 0.25 |