Mathematics · Simple Interest
Two banks, A and B, offered loans at 3.5% and 7% per annum simple interest, respectively. Vijay 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 Vijay after 3 years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 149,900
- 250,400✓
- 351,900
- 451,400
Correct answer
50,400
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