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The difference between interest received by Vivek and Vimal is Rs.405 on Rs.4500 for 3 years. What is the difference in rate of interest ?
  • a)
    1.5%
  • b)
    2%
  • c)
    3%
  • d)
    2.7%
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The difference between interest received by Vivek and Vimal is Rs.405 ...
4500*3/100(R1-R2) = 405
R1-R2 = 405*100/13500 = 3%
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Most Upvoted Answer
The difference between interest received by Vivek and Vimal is Rs.405 ...
4500*3/100(R1-R2) = 405
R1-R2 = 405*100/13500 = 3%
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Community Answer
The difference between interest received by Vivek and Vimal is Rs.405 ...
4500*3/100(R1-R2) = 405
R1-R2 = 405*100/13500 = 3%
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