Mathematics · Simple Interest
Two banks, A and B, offered loans at rates of 5.5% and 6.5% per annum, respectively. Ramesh borrowed an amount of ₹3,00,000 from each bank. The positive difference between the amounts of simple interest paid to the two banks by Ramesh after 2 years will be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1₹6,000✓
- 2₹8,000
- 3₹4,000
- 4₹2,000
Correct answer
₹6,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Simple Interest MCQs →Want more practice questions on Simple Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Simple Interest