Two banks, A and B, offered loans at 3.5% and 6.5% per annum, respectively. Tushar borrowed an amount of ₹200000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by Tushar after 3 years.

Challenger App

Home/

Questions/

Maths/

Simple Interest

No.1 PSC Learning App

★

1M+ Downloads

Get App

Two banks, A and B, offered loans at 3.5% and 6.5% per annum, respectively. Tushar borrowed an amount of ₹200000 from each bank. Find the positive difference between the amounts of simple interest paid to the two banks by Tushar after 3 years.

A17500

B18000

C19500

D19000

Answer:

B. 18000

Read Explanation:

18000

Read more in App

Related Questions:

The compound interest on a certain sum for 2 years at 8% per annum is Rs. 1,040 The simple interest on it at the same ratio for 2 years is :

In what time a sum of money becomes 3 times of itself at simple interest rate of 10% per annum?

How long will a sum of money take to double, if it is invested at 9.09% p.a. simple interest?

പ്രതിവർഷം 9% സാധാരണ പലിശ നിരക്കിൽ 5 വർഷത്തേക്ക് x രൂപ നിക്ഷേപിച്ചാലും, 4 വർഷത്തേക്ക് പ്രതിവർഷം 7.5% സാധാരണ പലിശ നിരക്കിൽ y രൂപ നിക്ഷേപിച്ചാലും ഒരേ പലിശ ലഭിക്കും. x ∶ y കണ്ടെത്തുക.

Raghav lent ₹7,500 to Gopal for three years and ₹5,000 to Sachin for four years on simple interest at the same rate of interest, and received ₹3,570 in all from both as interest. The interest paid by Sachin is: