10th Class Mathematics Related to Competitive Exam Question Bank Commercial Mathematics

  • question_answer
    The difference between the interests received from Canara Bank and Punjab & Sind Bank on Rs. 500 for 2 years, is Rs. 2.50. The difference between their rates is

    A)  1%                        

    B)         0.5%

    C)  0.25%                    

    D)         2.5%

    Correct Answer: C

    Solution :

     \[\frac{500\times {{R}_{1}}\times 2}{100}-\frac{500\times {{R}_{2}}\times 2}{100}=2.50\] or            \[1000\,({{R}_{1}}-{{R}_{2}})=250\]          or            \[{{R}_{1}}-{{R}_{2}}=\frac{250}{1000}=\frac{1}{4}=0.25%\]


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