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The difference between the simple interest received from two different sources on Rs.1500 for 3 years is Rs.13.50. The difference between their rates of interest is :

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The difference between the simple interest received from two different sources on Rs.1500 for 3 years is Rs.13.50. The difference between their rates of interest is :
1). 0.1%
2). 0.2%
3). 0.3%
4). 0.4%

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2 answers

1 vote
Answered by on | Votes 1 |
option 3 : seems correct

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1 vote
Answered by on | Votes 1 |

This is the right answer

Let r1, and r2 be the required
rate of interest
Then,

r1- r2 =$\frac{135}{450}$ = $\frac{27}{90}$

=0.3%




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