Two banks, A and B, offered loans at 3.5% and 6% per annum, respectively. David borrowed an amount of ₹360000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by David 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. David borrowed an amount of ₹360000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by David after 3 years.

A28500

B28000

C27000

D26500

Answer:

C. 27000

Read Explanation:

Read more in App

Related Questions:

6000 രൂപയ്ക്ക് 10% നിരക്കിൽ ഒരു മാസത്തെ സാധാരണ പലിശ എന്ത് ?

The average weight of a family of 8 members is 56 kg. The grandfather and the grandmother came to visit the family. Now, the average weight of 10 members of the family is 64 kg. Find the average weight (in kg) of the grandparents.

A fruit seller buys three varieties of mangoes. The first variety is bought at 4 for ₹10, the second at 5 for ₹12, and the third at 2 for ₹5. He mixes them in the ratio 2: 3: 1 respectively. If he sells all the mangoes at 3 for ₹7, what is his approximate gain or loss percentage?

The simple interest on a sum of money is 3/5 of the principal in 12 years. What is the rate of interest per annum?

Gokul took a certain amount as a loan from a bank at the rate of 8% simple interest per annum and gave the same amount to Alok as a loan at the rate of 12% simple interest per annum. If at the end of 12 years, he made a profit of Rs. 480 in the deal, what was the original amount?