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%

  1. Rs.400
  2. Rs.200
  3. Rs.150
  4. Rs.120
Harsh Vardhan Professor Asked on 26th July 2015 in Maths.
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  • 1 Answer(s)

    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.

    Anurag Mishra Professor Answered on 26th July 2015.
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