Question

10. Saurabh lent 250,000 to his friend. He gave 30,000 at 12% and the remaining amount at
15%. How much interest did he receive in 4 years?​

Answer 1

Answer:

Case(1): Principal, P = Rs 30000 Rate of interest, R = 12% Time period, T = 4 years Simple interest, I1 = PTR/100                              = (30000 x 4 x 12)/100 = Rs 14400 Case (2):   Principal, P = Rs 20000 Rate of interest, R = 15% Time period, T = 4 years Simple interest, I1 = PTR/100                              = (20000 x 4 x 15)/100 = Rs 12000 Hence total interest received = Rs 14400 + Rs 12000 = Rs 26400