App Logo

No.1 PSC Learning App

1M+ Downloads
Two banks, A and B, offered loans at 3.5% and 6% per annum, respectively. Chetan borrowed an amount of ₹440000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by Chetan after 3 years.

A34000

B34500

C32500

D33000

Answer:

D. 33000

Read Explanation:

image.png

Related Questions:

Two banks, A and B, offered loans at 3.5% and 6% per annum, respectively. Ajay borrowed an amount of ₹340000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by Ajay after 3 years
ഒരു രൂപയ്ക്ക് ഒരു മാസം 1 പൈസ പലിശ ആയാൽ പലിശ നിരക്ക് എത്ര?
Find the number of years in which an amount invested at 8% p.a. simple interest doubles itself.
The simple interest on a sum of ₹3,600 for 3 years and 4 months is ₹840. The rate of interest per annum is:
How long will a sum of money take to double, if it is invested at 9.09% p.a. simple interest?