I have to become a English Shakespeare,right?
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Heya...Here is your answer ----
• Let the Interest for First case be SI1 and that for Second case be SI2.
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SI1 ----
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Principal = ₹ 1000
Rate = 12 %
Time = 3 years
SI = PRT / 100
= 1000 × 12 × 3 / 100
= 10 × 12 × 3
= 120 × 3
= 360
SI1 = ₹360
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SI2 ----
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Principal = ₹ 1500
Rate = 8 %
Time = 1.5 years
SI = PRT / 100
= 1500 × 8 × 1.5 / 100
= 15 × 8 × 1.5
= 120 × 1.5
= 180
SI2 = ₹180
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Difference = SI1 - SI2
= ₹ (360 - 180)
= ₹180
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HOPE IT HELPS.....!!!!!
I have to become a English Shakespeare,right?