Question : The difference in simple interest from two banks on INR 8,000 in 3 years is INR 800. If the rate of interest per annum in two banks are $R_1$ and $R_2$, then what is the value of $R_1-R_2$? (Where $R_1 > R_2$)
Option 1: $5 \frac{1}{3}\%$
Option 2: $3 \frac{1}{3}\%$
Option 3: $1 \frac{1}{3}\%$
Option 4: $2 \frac{1}{3}\%$
New: SSC CGL 2025 Tier-1 Result
Latest: SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: $3 \frac{1}{3}\%$
Solution :
Given: The difference in simple interest from two banks on INR 8,000 in 3 years is INR 800.
The percentage difference of simple interest between two banks in 3 years
$=\frac{800}{8000}×100 = 10\%$
The percentage difference of simple interest between two banks in 1 year
$=\frac{10}{3}\%=3\frac{1}{3}\%$
Therefore, $R_1-R_2=3\frac{1}{3}\%$
Hence, the correct answer is $3\frac{1}{3}\%$.
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Get Updates BrochureYour Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.




