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Two banks, A and B, offered loans at 3.5% and 7.5% per annum, respectively. Nirmal borrowed an amount of ₹2,40,000 from each bank. Find the positive difference (in ₹) between the amounts of simple interest paid to the two banks by Nirmal after 2 years.
18,700
19,200
20,700
20,200
19,200
Practice and solve "Two banks, A and B, offered loans at 3.5% and 7.5% per annum, respectively. Nirmal borrowed an amoun..." for Mathematics - Previous Year Paper 2024. The correct answer is Option B: 19,200. 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. Nirmal borrowed an amoun..." for Mathematics - Previous Year Paper 2024. The correct answer is Option B: 19,200. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.