Bank load and Simple Interest question

A bank is giving loans at the rate of 10% simple Kumar asked for a loan at 8%. After verification, the bank sanctioned his loan at the rate he asked as the bank is getting an interest twice as much as it gets on Rs. 40,00,000/- at the rate of 10%. What amount did Kumar take ? (in lakhs of rupees)

thulasiram Default Asked on 17th March 2019 in Maths.
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