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.

Challenger App

Home/

Questions/

Maths/

Simple Interest

No.1 PSC Learning App

★

1M+ Downloads

Get App

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:

Read more in App

Related Questions:

The simple interest earned on Rs. 7,000 in 2 years at the rate of R% per annum equals to the simple interest earned on Rs. 5,000 at the rate of 5% per annum in 14 years. The value of R (in percentage) is:

A certain sum amounts to Rs. 22,494 in 7 years at x% per annum on simple interest. If the rate of simple interest per annum had been (x + 4)%, the amount payable after 7 years would have been Rs. 25,917. Find the sum invested.

25,000 രൂപ ഒരു ബാങ്കിൽ നിക്ഷേപിച്ചു. 6% സാധാരണ പലിശ കണക്കാക്കുന്ന ബാങ്ക് 2.5 വർഷത്തിന് ശേഷം എത്ര രൂപ പലിശയിനത്തിൽ കൊടുക്കും?

What will be the simple interest on Rs. 8800 for 9 months at 20/3% per annum?

If the simple interest on a certain sum for 18 months at 5.5% per annum exceeds the simple interest on the same sum for 14 months at 6% per annum by ₹62.50, then the sum is: