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 ₹) .

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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

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Related Questions:

Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 7% per year rate of interest for 5 years.

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