A sum, when invested at 10% simple interest per annum, amounts to ₹3840 after 2 years. What is the simple interest (in ₹) on the same sum at the same rate of interest in 2 years?
A640
B320
C1280
D2560
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Two banks, A and B, offered loans at 3.5% and 6% per annum, respectively. Chetan borrowed an amount of ₹440000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by Chetan after 3 years.
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