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    Question

    The difference between the interest received from two

    different banks on Rs. 500 for 2 years is Rs. 2.50. The difference between their rates is ?
    A 0.21% Correct Answer Incorrect Answer
    B 0.22% Correct Answer Incorrect Answer
    C 0.25% Correct Answer Incorrect Answer
    D 0.27% Correct Answer Incorrect Answer

    Solution

    Use the formula sum = Diff. in interest *100/Times*Diff. in rates          x = 0.25% (on solving)

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