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Two banks, A and B, offered loans at 3.5% and 7% per annum, respectively. Rupesh borrowed an amount of ₹5,00,000 from each bank. Find the positive difference (in ₹) between the amounts of simple interest paid to the two banks by Rupesh after 4 years.
69,500
70,000
71,000
71,500
70,000
Practice and solve "Two banks, A and B, offered loans at 3.5% and 7% per annum, respectively. Rupesh borrowed an amount ..." for Mathematics - Previous Year Paper 2024. The correct answer is Option B: 70,000. 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% per annum, respectively. Rupesh borrowed an amount ..." for Mathematics - Previous Year Paper 2024. The correct answer is Option B: 70,000. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.