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Two banks, A and B, offered loans at 3.5% and 8.5% per annum, respectively. Shivam borrowed an amount of ₹2,40,000 from each bank. Find the positive difference between the amounts (in ₹) of simple interest paid to the two banks by Shivam after 4 years.
48,000
47,500
49,500
49,000 Question ID : 441009570132 Option 1 ID : 4410092235648 Option 2 ID : 4410092235650 Option 3 ID : 4410092235651 Option 4 ID : 4410092235649 Status : Answered Chosen Option : D
48,000
Practice and solve "Two banks, A and B, offered loans at 3.5% and 8.5% per annum, respectively. Shivam borrowed an amoun..." for Mathematics - Previous Year Paper 2026. The correct answer is Option A: 48,000. 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 8.5% per annum, respectively. Shivam borrowed an amoun..." for Mathematics - Previous Year Paper 2026. The correct answer is Option A: 48,000. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.