Challenger App

No.1 PSC Learning App

1M+ Downloads
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.

A34000

B34500

C32500

D33000

Answer:

D. 33000

Read Explanation:

image.png

Related Questions:

The simple interest on a principal amount (in ₹) is ₹378 for a period of 5 years at the rate of 9% per annum. The principal amount (in ₹) is:
Two banks, A and B, offered loans at 3.5% and 6% per annum, respectively. Ajay borrowed an amount of ₹340000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by Ajay after 3 years
Prakhar goes from his home to school at a speed of 24 km/hr and returns at the speed of 36 km/hr. Find the average speed for the whole journey.
When difference between compound and simple interest for three years is INR 244 at 5% interest per annum, the principal is INR __________.
സമീർ സാധാരണ പലിശ കണക്കാക്കുന്ന ഒരു ബാങ്കിൽ നിന്നും 30000 രൂപ കടമെടുത്തു. പലിശനിരക്ക് 12 % ആണെങ്കിൽ 2 വർഷം കഴിയുമ്പോൾ ഒരു രൂപ ബാങ്കിൽ അടയ്ക്കണം ?