Question

The difference between simple interest earned by Hindu and Helen is Rs. 48 on Rs. 12000 for 2 years. What is the difference in the rate of simple inter- charged​

Answer 1

Answer:

∴S.I.=

100

P×R×T

=

100

1200×10×1

= Rs. 120

For C.I. reckoned half yearly, P= Rs. 1200,r=5% per half year, n=2 half year

∴ C.I. = Rs. (1200(1+

100

5

)

2

−1200) = Rs. ((1200×

20

21

×

20

21

)−1200)

= Rs. 1323− Rs. 1200= Rs. 123

∴ Required difference = Rs. 123− Rs. 120= Rs. 3

Answer 2

Answer:

2%

Step-by-step explanation:

R=I*100/P*T

R=48*100/12000*2

R=2%

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