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Two banks, A and B, offered loans at 3.5% and 7.5% per annum, respectively. Mohan borrowed an amount of ₹2,60,000 from each bank. Find the positive difference (in ₹) between the amounts of simple interest paid to the two banks by Mohan after 2 years.
21,800
20,300
22,300
20,800
20,800
Practice and solve "Two banks, A and B, offered loans at 3.5% and 7.5% per annum, respectively. Mohan borrowed an amount..." for Mathematics - Previous Year Paper 2024. The correct answer is Option D: 20,800. 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. Mohan borrowed an amount..." for Mathematics - Previous Year Paper 2024. The correct answer is Option D: 20,800. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.