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The difference of simple interest from t...

The difference of simple interest from two banks for X 1000 in 2 yr is X 20. Find the difference in rates of interest.

A

0.02

B

0.015

C

0.01

D

0.025

Text Solution

Verified by Experts

The correct Answer is:
C
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ARIHANT SSC-SIMPLE INTEREST-(EXERCISE-C)(BASE LEVEL QUESTION)
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  2. For a certain sum, the simple interest in 2 yr at 8% per annum is 110...

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  3. A sum was lent out for a certain time. The sum amounts to X 400 at 10%...

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  4. A sum was invested for 4 yr at a certain rate of simple interest. If i...

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  5. The simple interest on a certain sum of money for (5)/(4) yr at 12% pe...

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  6. At what rate per annum will the simple interest on a certain sum of mo...

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  7. Mr. Deepak invested an amount of 21250 for 6 yr. At what rate of simp...

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  8. The difference of simple interest from two banks for X 1000 in 2 yr is...

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  9. Raju lent X 400 to Ajay for 2 yr and X 100 to Manoj for 4 yr and recei...

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  10. 2/3 part of my sum is lent out at 3%, 1/6 part is lent out at 6% and r...

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  11. A sum of X 1521 is lent out in two parts in such a way that the intere...

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  12. Rashmi lent X 600 to Geeta for 2 yr and ? 150 to Seeta for 4 yr and re...

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  13. A person makes a fixed deposit of Rs.20000 in Bank of India for 3 year...

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  14. The simple interest on a sum of money is 1/16 of the principal and the...

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  15. The simple interest on X 4000 in 3 yr at the rate of x% per annum equa...

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  16. The simple interest on a sum of money is 1/144 of the principal and th...

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  17. Suresh borrowed X 800 at 6% and Naresh borrowed X 600 at 10%. After ho...

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  18. What annual payment will discharge a debt of X 1696 in 4 yr at 4% per ...

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  19. What annual payment will discharge a debt of X 1092 due in 2 yr at 12%...

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  20. The annual payment X 160 in 5 yr at 5% per annum simple interest will...

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