Two banks, A and B, offered loans at annual interest rates of 3.5% and 8.5% respectively. Atul took a loan of ₹4,80,000 from each bank. Find the positive difference (in ₹) between the simple interest amounts paid by Atul to the two banks after 2 years.
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) 48,000
- (B) 49,000
- (C) 49,500
- (D) 47,500
Verified Answer
Option (A): 48,000
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