Mathematics · Simple Interest
Two banks, A and B, offered loans at 3.5% and 7% per annum simple interest, respectively. Manjit borrowed an amount of ₹5,00,000 from each bank. Find the positive difference (in ₹) between the amounts of simple interest paid to the two banks by Manjit after 2 years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 136,500
- 235,000✓
- 336,000
- 434,500
Correct answer
35,000
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