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Two banks, A and B, provided loans at 3.5% and 8.5% annual interest rates respectively. David took a loan of ₹4,80,000 from each bank. Find the positive difference (in ₹) between the amounts of simple interest paid by David to both the banks after 3 years.
73,500
72,000
73,000
71,500
72,000
Practice and solve "Two banks, A and B, provided loans at 3.5% and 8.5% annual interest rates respectively. David took a..." for Mathematics - Previous Year Paper 2026. The correct answer is Option B: 72,000. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "Two banks, A and B, provided loans at 3.5% and 8.5% annual interest rates respectively. David took a..." for Mathematics - Previous Year Paper 2026. The correct answer is Option B: 72,000. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.