Mathematics · Averages
Two banks, A and B, offered loans at 3.5% and 7.5% per annum simple interest, respectively. Nirmal borrowed an amount of ₹2,40,000 from each bank. Find the positive difference (in ₹) between the amounts of simple interest paid to the two banks by Nirmal after 3 years.
- 128300
- 228800✓
- 329800
- 430300
Correct answer
28800
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