The difference between the interests received from two different banks on Rs. $5000$ for $2$ years is Rs. $25$ . The difference between their rates is:

1 %

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2.5 %

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0.5 %

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0.25 %

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Solution

The correct option is D $0.25 %$
Let the rates be $x %$ and $y %$ .
Then, $\frac{5000 \times x \times 2}{100} - \frac{5000 \times y \times 2}{100} = 25$
$\Rightarrow 100 (x - y) = 25$
$\Rightarrow x - y = 0.25 %$
Therefore, the difference between their rates is $0.25 %$ .

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The difference between the interests received from two different banks on Rs. 5000 for 2 years is Rs. 25. The difference between their rates is:

The correct option is D 0.25%Let the rates be x% and y%.Then, 5000×x×2100−5000×y×2100=25⇒100(x−y)=25⇒x−y=0.25%Therefore, the difference between their rates is 0.25%.

The difference between the interests received from two different banks on Rs. $5000$ for $2$ years is Rs. $25$ . The difference between their rates is:

The correct option is D $0.25 %$
Let the rates be $x %$ and $y %$ .
Then, $\frac{5000 \times x \times 2}{100} - \frac{5000 \times y \times 2}{100} = 25$
$\Rightarrow 100 (x - y) = 25$
$\Rightarrow x - y = 0.25 %$
Therefore, the difference between their rates is $0.25 %$ .