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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?
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Answered by
Reiny
rate of first ---- x
rate of 2nd ---- y
1500(3)x - 1500(3)y = 13.50
x-y = .003
the difference is .3%
rate of 2nd ---- y
1500(3)x - 1500(3)y = 13.50
x-y = .003
the difference is .3%