Mathematics · Simple Interest
Two banks, A and B, offered loans at 3.5% and 6% per annum simple interest, respectively. Chetan borrowed an amount of ₹4,20,000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by Chetan after 2 years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 120,500
- 221,000✓
- 322,000
- 422,500
Correct answer
21,000
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