The difference between the interests received from Canara Bank and Punjab & Sind Bank on Rs. $500$ for $2$ years, is Rs. $2.50$ . The difference between their rates is

1 %

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0.5 %

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0.25 %

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2.5 %

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Solution

The correct option is C $0.25 %$
$\frac{500 \times R_{1} \times 2}{100} - \frac{500 \times R_{2} \times 2}{100} = 2.50$
$\Rightarrow 1000 (R_{1} - R_{2}) = 250$
$\Rightarrow R_{1} - R_{2} = \frac{250}{1000} = \frac{250}{1000} = \frac{1}{4} = 0.25 %$

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The difference between the interests received from Canara Bank and Punjab & Sind Bank on Rs. 500 for 2 years, is Rs. 2.50. The difference between their rates is

The correct option is C 0.25%500×R1×2100−500×R2×2100=2.50⇒1000(R1−R2)=250⇒R1−R2=2501000=2501000=14=0.25%

The difference between the interests received from Canara Bank and Punjab & Sind Bank on Rs. $500$ for $2$ years, is Rs. $2.50$ . The difference between their rates is

The correct option is C $0.25 %$
$\frac{500 \times R_{1} \times 2}{100} - \frac{500 \times R_{2} \times 2}{100} = 2.50$
$\Rightarrow 1000 (R_{1} - R_{2}) = 250$
$\Rightarrow R_{1} - R_{2} = \frac{250}{1000} = \frac{250}{1000} = \frac{1}{4} = 0.25 %$