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Two banks, A and B, offered loans at 3.5% and 7% per annum, 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.
51,900
51,400
49,900
50,400
50,400
Practice and solve "Two banks, A and B, offered loans at 3.5% and 7% per annum, respectively. Vijay borrowed an amount o..." for Mathematics - Previous Year Paper 2024. The correct answer is Option D: 50,400. 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. Vijay borrowed an amount o..." for Mathematics - Previous Year Paper 2024. The correct answer is Option D: 50,400. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.