Question

the difference of simple interest on rupees 500 at two different different simple rate of interest per annum for 2 years is Rs 2.50 the difference of Rates of simple interest is

Answer 1

500*2*R1/100

500*2*R2/100 = 2.50

⇒10 (R –R ) = 2.50

∴ R - R = 0.25%

Answer 2

Hi, your answer is here


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