The difference between the interest obtained for Rs 1000 at 12% per annum for 3 years and that for Rs 1500 at 8% per annum for `1 1/2` years is Rs 360 (b) Rs 300 Rs 180 (d) Rs 200

Options

A. 360
B. 300
C. 180
D. 200

Answer

C

Explanation

Interest obtained for Rs. 1000 at 12% per annum for
`3 "years" = (1000 xx 12 xx3)/(100) = Rs. 360.`
Interest obtained for Rs. 1500 at 8% per annum for
`1.5"years" = (1500 xx 8 xx 1.5)/(100) = Rs. 180.`
`therefore " Required difference" = Rs. 180.`
Hence, the correct option is (c).