# Find the Difference Between 5% and 10% Rate S.I.

Find out the different between simple interest on Rs.600 for 4 years at the rate of 5% and 10%

- Rs.400
- Rs.200
- Rs.150
- Rs.120

**Answer: (4) Rs.120**

**Explanation:-**

**Given-**

Principal = Rs.600, time = 4 years & rate = 5 %

**Formula-**

**Simple Interest = P x R x T/100**

**Where, P – principal, R – rate & T – time.**

Then, Simple Interest = 600 x 5 x 4/100

= 6 x 20

= Rs.120

If Rate = 10 %

Then, Simple Interest = 600 x 10 x 4/100

= Rs.240

the different between simple interest on Rs.600 for 4 years at the rate of 5% and 10% = 240 – 120

= Rs.120

Hence, the answer is (4) Rs.120.