Two banks, A and B, offered loans at 3.5% and 8.5% per annum respectively. Akshay took a loan of ₹4,60,000 from each bank. Find the positive difference (in ₹) between the simple interest amounts paid by Akshay to the two banks after 3 years.
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) 70,500
- (B) 69,000
- (C) 70,000
- (D) 68,500
Verified Answer
Option (B): 69,000
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