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.



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