Select the correct answerThe difference between interest received by A and B is Rs. 36 on Rs. 2400 for 4 year. What is the difference in rate of interest?

Question

Select the correct answerThe difference between interest received by A and B is Rs. 36 on Rs. 2400 for 4 year. What is the difference in rate of interest?
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Solution 1

To solve this problem, we need to use the formula for simple interest which is I = PRT/100, where I is the interest, P is the principal amount, R is the rate of interest, and T is the time.

Here, the difference in interest received by A and B is Rs. 36. This is for a principal amount of Rs. 2400 fo Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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