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Two banks, A and B, offered loans at 3.5% and 8.5% per annum, respectively. Ashish borrowed an amount of ₹4,60,000 from each bank. Find the positive difference between the amounts (in ₹) of simple interest paid to the two banks by Ashish after 2 years.
47,000
46,000
47,500
45,500
46,000
Practice and solve "Two banks, A and B, offered loans at 3.5% and 8.5% per annum, respectively. Ashish borrowed an amoun..." for Mathematics - Previous Year Paper 2026. The correct answer is Option B: 46,000. 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. Ashish borrowed an amoun..." for Mathematics - Previous Year Paper 2026. The correct answer is Option B: 46,000. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.