Two banks, A and B, gave loans at 3.5% and 8.5% annual interest rates respectively. Tushar took a loan of ₹4,60,000 from each bank. Find the positive difference (in ₹) between the simple interest amounts paid by Tushar to both banks after 4 years.
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) 92,000
- (B) 91,500
- (C) 93,500
- (D) 93,000
Verified Answer
Option (A): 92,000
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