Two banks, A and B, offered loans at annual rates of 3.5% and 8.5% respectively. Ashish took a loan of ₹4,60,000 from each bank. After 2 years, find the positive difference (in ₹) between the amounts of simple interest paid by Ashish to the two banks.
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) 46,000
- (B) 47,500
- (C) 45,500
- (D) 47,000
Verified Answer
Option (A): 46,000
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