Mathematics · Simple Interest
Two banks, A and B, offered loans at 3.5% and 7% per annum simple interest, respectively. Salil borrowed an amount of ₹4,80,000 from each bank. Find the positive difference (in ₹) between the amounts of simple interest paid to the two banks by Salil after 4 years.
- 168,200
- 267,200✓
- 368,700
- 466,700
Correct answer
67,200
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