The difference of simple interest from two banks for 1000 in 2 yr is 20. Find the difference in rates of interest.

The difference of simple interest from two banks for 1000 in 2 yr is

1.	The difference of simple interest from two banks for 1000 in 2 yr is 20. Find the difference in rates of interest.
A.	2%
B.	1.5%
C.	1%
D.	2.5%
Answer» D. 2.5%

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