2. Raj borrows Rs 10,000 out of which Rs 5500 at 5% and remaining at 6%. Find the total
interest paid by him in 4 years
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Step-by-step explanation:
Total money he borrowed = rs 10000
Time = 4 yrs
Money taken at 5% interest = rs 5500
SI for rs 5500= P ×R ×T /100
= 5500 × 5 × 4 / 100
= rs 1100
Money taken at 6% interest = Money left
= total money - money taken at 5 % interest
= 10000 - 5500
= 4500
SI for remaining money = P × R × T / 100
= 4500 × 6 × 4 / 100
= 1080
TOTAL INTEREST = 1100 + 1080
= 2180
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