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 R 1 R_1 R 1 and R ...

SSC SSC CGL Tier 2 Easy Interest MCQ

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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 $R_1$ and $R_2$ , then what is the value of $R_1 - R_2$ ? (Where $R_1 > R_2$ )

Options

5 \frac{1}{3} %

3 \frac{1}{3} %

1 \frac{1}{3} %

2 \frac{1}{3} %

simple interestinterest rate differencebasic arithmetic

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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 R 1 R_1 R 1 ​ and R ...

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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 R 1 R_1 R 1 and R ...