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Two banks, A and B, offered loans at 3.5% and 7% per annum, respectively. Akshay borrowed an amount of ₹4,60,000 from each bank. Find the positive difference (in ₹) between the amounts of simple interest paid to the two banks by Akshay after 4 years.
64,400
65,900
63,900
65,400
64,400
Practice and solve "Two banks, A and B, offered loans at 3.5% and 7% per annum, respectively. Akshay borrowed an amount ..." for Mathematics - Previous Year Paper 2024. The correct answer is Option A: 64,400. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "Two banks, A and B, offered loans at 3.5% and 7% per annum, respectively. Akshay borrowed an amount ..." for Mathematics - Previous Year Paper 2024. The correct answer is Option A: 64,400. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.