If the simple interest on Rs. 2000 is less than the Simple Interest on Rs. 3000 at 5% by Rs. 50, ...
If the simple interest on Rs. 2000 is less than the Simple Interest on Rs. 3000 at 5% by Rs. 50, find the time.
Answer/Solution
1 year
Steps/Work
Explanation :
Difference in principal = 3000-2000 = 1000
i.e., Simple Interest on Rs.1000 will be Rs.50
1000×5×T/100=50
50T=50
T=1 year
Answer : Option B
Difference in principal = 3000-2000 = 1000
i.e., Simple Interest on Rs.1000 will be Rs.50
1000×5×T/100=50
50T=50
T=1 year
Answer : Option B