What is the difference between the simple inter on a principal of Rs. 500 being calculated at 5% annum for 3 years and 4% per annum for 4 year

Rs. 5

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Rs. 10

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Rs. 20

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Rs. 40

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Solution

The correct option is A Rs. 5
$P = R s .500, R_{1} = 5 %, R_{2} = 4 %$

$T_{1} = 3 y e a r s T_{2} = 4 y e a r s$

$D i f f e r e n c e = \frac{P R_{1} T_{1}}{100} - \frac{P R_{2} T_{2}}{100} = R s .5 .$

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