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Difference between simple interest from two different sources on Rs.1500 for 3 years is Rs.1.35...

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The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 1.350. The difference between their rates of interest is:

posted May 1, 2018 by anonymous

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1 Answer

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0.03%

R1 - interest rate 1,
R2- interest rate 2,
Interest rate difference in 3 years will be:
1500*3*R1-1500*3*R2=1.35
4500*(R1-R2)= 1.35
R1-R2= 1.35/4500=0.03%

answer Jul 5, 2018 by Hanifa Mammadov



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