The difference between interests of two banks on Rs. 500 for 2 years is Rs. 2.50

The difference between interests of two banks on Rs. 500 for 2 years is Rs. 2.50. What will be the difference in the rate of interest?
(a)  1%
(b) 0.5%
(c) 0.25%
(d) 2.5%

Anurag Mishra Professor Asked on 8th March 2016 in Maths.
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    Answer: (c) 0.25%

    Anurag Mishra Professor Answered on 8th March 2016.
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