The difference between in simple interest on a sum invested of ₹ 1500 for 3 years is ₹ 18. The difference in their rate is

CA Foundation · Quantitative Aptitude · MTP · September 2025
The difference between in simple interest on a sum invested of ₹ 1500 for 3 years is ₹ 18. The difference in their rate is
(A) A. 0.4
(B) B. 0.6
(C) C. 0.8
(D) D. 0.10

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. 0.4

Topics: Part-A: Business Mathematics

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