Multiple Choice Questions on The difference between interest received by X and Y is Rs 315 on Rs 3500 for 3 years What is the dif........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The difference between interest received by X and Y is Rs 315 on Rs 3500 for 3 years What is the dif...........

Quant (SSC) Compound Interest
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    The difference between interest received by X and Y is Rs.315 on Rs.3500 for 3 years. What is the difference in rate of interest ?

    1.5%

    Incorrect Answer

    2%

    Incorrect Answer

    3%

    Correct Answer

    2.7%

    Incorrect Answer
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    Explanation:

    3500*3/100(R1-R2) = 315
    R1-R2 = 315*100/10500 = 3%

    By: Amit Kumar
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