The difference of simple interest from two banks on ₹8,000 in 3 years is ₹800. If the rate of interest per annum in two banks are R1 and R2, then what is the value of R1 - R2? (Where R1 > R2)
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Q:
The difference of simple interest from two banks on ₹8,000 in 3 years is ₹800. If the rate of interest per annum in two banks are R1 and R2, then what is the value of R1 - R2? (Where R1 > R2)
- 1$$ 5{1\over 3}\% $$false
- 2$$ 3{1\over 3}\% $$false
- 3$$ 1{1\over 3}\% $$true
- 4$$ 2{1\over 3}\% $$false
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