The 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
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 is a powerful AI-powered study tool designed to help you to solve study problem.
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