Two banks, A and B, offered loans at annual interest rates of 3.5% and 8% respectively. Sachin took a loan of Rs.3,00,000 from each bank. Find the positive difference (in Rs.) between the simple interest amounts paid by Sachin to both banks after 3 years.
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) 40,000
- (B) 41,500
- (C) 40,500
- (D) 42,000
Verified Answer
Option (C): 40,500
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