InterviewSolution
Saved Bookmarks
| 1. |
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? |
|
Answer» 0.3% Let the second AMOUNT be Rs. X. Then, (12000 * 10 * 1)/100 + (x * 20 * 1)/100 = [(12000 + x) * 14 * 1] / 100 120000 + 20X = 16800 + 14x x = 8000 Total INVESTMENT = 12000 + 8000 = Rs. 20,000. |
|