BANK IBPS RRB PO Mock Test Series 2025 (Pre + Mains) Quantitative Aptitude Interest Simple and Compound Both
An amount of Rs. 3200 is invested at two distinct interest rates. The difference between the simple interest earned over 4 years is Rs. 320. What is the difference between the interest rates for each year?
1
5%
2
3.5%
3
2.5%
4
2.6%
5
3.4%