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naveen

· started a discussion

· 1 Months ago

sdkg; (Question: 248812.0 )

how you deduce that it is simple interest

Question:
If Rs.1100 is obtained after lending out Rs.x at 5% per annum for 2 years and Rs.1800 is obtained after lending out Rs.y at 10% per annum for 2 years, find y – x. 
Options:
A) 300
B) 500
C) 400
D) 700
Solution:
Ans: (b) 


Mandeep Singh

· commented

· 1 Months ago

when in question is no mention of compound or simple intrest then we take it as simple intrest
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