Two banks, A and B, offered loans at 3.5% and 6% per annum, respectively. Shivam borrowed an amount of ₹460000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by Shivam after 3 years positive difference (in ₹) .

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. Shivam borrowed an amount of ₹460000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by Shivam after 3 years positive difference (in ₹) .

A36000

B34000

C34500

D35500

Answer:

C. 34500

Read Explanation:

Read more in App

Related Questions:

At what rate of per cent per annum will ₹1,300 give ₹520 as simple interest in 5 years?

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?

ABCDEF is a regular hexagon, and m( $\overset{-}{AD}$ ) = 12 cm. What is the area (in cm²) of

the given hexagon?

സമീർ സാധാരണ പലിശ കണക്കാക്കുന്ന ഒരു ബാങ്കിൽ നിന്നും 30000 രൂപ കടമെടുത്തു. പലിശനിരക്ക് 12 % ആണെങ്കിൽ 2 വർഷം കഴിയുമ്പോൾ ഒരു രൂപ ബാങ്കിൽ അടയ്ക്കണം ?

Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 3% per year rate of interest for 6 years.