Two banks, A and B, gave 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 simple interest amounts paid by David to both banks after 3 years.
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) 73,500
- (B) 72,000
- (C) 73,000
- (D) 71,500
Verified Answer
Option (B): 72,000
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