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Two banks, A and B, offered loans at 3.5% and 7.5% per annum, respectively. Chetan borrowed an amount of ₹2,00,000 from each bank. Find the positive difference (in ₹) between the amounts of simple interest paid to the two banks by Chetan after 3 years.
25,500
25,000
24,000
23,500
24,000
Practice and solve "Two banks, A and B, offered loans at 3.5% and 7.5% per annum, respectively. Chetan borrowed an amoun..." for Mathematics - Previous Year Paper 2024. The correct answer is Option C: 24,000. 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 7.5% per annum, respectively. Chetan borrowed an amoun..." for Mathematics - Previous Year Paper 2024. The correct answer is Option C: 24,000. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.