Q:
A sum of Rs. 2600 is invested at two different rates of interest. The difference between the simple interests got after 4 years is Rs 402.80 at these two rates, what is the difference between the rates of interest?
Answer & Explanation
Answer: C) 3.87
Explanation: Let the two different rates of interests be r1 and r2 respectively.
From the given data,
Hence, the difference in the interest rates = 3.87
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