Mathematics · Simple Interest
Two banks, A and B, offered loans at 3.5% and 6% per annum simple interest, respectively. David borrowed an amount of ₹3,60,000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by David after 3 years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹28,500
- 2₹26,500
- 3₹28,000
- 4₹27,000✓
Correct answer
₹27,000
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