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Thursday, March 21, 2024

A sum of Rs. 2200 is invested at two different rates of interest. The difference between the interests got after 4 years is Rs. 202.40. What is the difference between the rates of interest ?

A sum of Rs. 2200 is invested at two different rates of interest. The difference between the interests got after 4 years is Rs. 202.40. What is the difference between the rates of interest ?
A3.30%
B2.30%
C3.50%
D2.50%

Correct answer is: 2.30%

Explanation:

If the rate of interest be r1% and r2% per an num,

then, 2200×4(r1r2)100 = 202.40

r1r2=202.40×1002200×4

= 2.3% per annum

 

upendra
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