The difference between the Simple interest received from two different banks on Rs 2000 for 2 years is Rs 30 ,difference between their rates of interest is???

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Solution

((2000R12)/100)-((2000R22)/100)=30
40(R1-R2)=30
R1-R2=0.75%

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The difference between the Simple interest received from two different banks on Rs 2000 for 2 years is Rs 30 ,difference between their rates of interest is???

((2000*R1*2)/100)-((2000*R2*2)/100)=30 40(R1-R2)=30 R1-R2=0.75%

((2000R12)/100)-((2000R22)/100)=30
40(R1-R2)=30
R1-R2=0.75%