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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
    $$ 5{1\over 3}\% $$
  • 2
    $$ 3{1\over 3}\% $$
  • 3
    $$ 1{1\over 3}\% $$
  • 4
    $$ 2{1\over 3}\% $$
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Answer : 3. " $$ 1{1\over 3}\% $$"

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