The difference between the interests received from two different banks on ` 500 for 2 years is ` 2.50. The difference between their rates is:

Question

PYQPulse · Accepted Answer

1% x y z = =

PYQPulse · Answer

Explanation: Let r1 and r2 are the rates of interests. So, the difference in S.I principal × time × difference between the rates of interests = 100 ( ) ´ ´ - 500 2 100 r r 1 2 Þ

The difference between the interests received from two different banks on ` 500 for 2 years is ` 2.50. The difference between their rates is:

Answer: D. 1% x y z = =

Explanation