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The difference between simple interest received from two different sources for Rs.13,000 for 2 years is Rs. 65. Then the difference between their rates of interest?
  • a)
    0.75
  • b)
    0.60
  • c)
    0.25
  • d)
    0.50
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The difference between simple interest received from two different sou...
As per the given data
Let their simple interest be I1 and I2
Let their rate of interest be R1 and R2
⇒ I1 – I2 = (PTR1/100 – PTR2/100)
⇒ I1 – I2 = (R1 - R2) (PT/100)
⇒ 65 = (R1 - R2) (13000 × 2/100)
⇒ R1 - R2 = ¼ = 0.25
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The difference between simple interest received from two different sources for Rs.13,000 for 2 years is Rs. 65. Then the difference between their rates of interest?a)0.75b)0.60c)0.25d)0.50Correct answer is option 'C'. Can you explain this answer?
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The difference between simple interest received from two different sources for Rs.13,000 for 2 years is Rs. 65. Then the difference between their rates of interest?a)0.75b)0.60c)0.25d)0.50Correct answer is option 'C'. Can you explain this answer? for SSC JE 2024 is part of SSC JE preparation. The Question and answers have been prepared according to the SSC JE exam syllabus. Information about The difference between simple interest received from two different sources for Rs.13,000 for 2 years is Rs. 65. Then the difference between their rates of interest?a)0.75b)0.60c)0.25d)0.50Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for SSC JE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The difference between simple interest received from two different sources for Rs.13,000 for 2 years is Rs. 65. Then the difference between their rates of interest?a)0.75b)0.60c)0.25d)0.50Correct answer is option 'C'. Can you explain this answer?.
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