4. Rachit borrowed 15,000 from his
friend. He gave 3,000 at the rate of
15% per annum and the remaining
amount at the rate of 18% per annum.
How much interest did he pay in 4
years?
Answers
Answered by
2
Answer:
Let’s consider it to be simple interest.
Now, breaking down the question, Rs. 3000 was borrowed at a rate of 15% and Rs. 12000 (15000–3000) was borrowed at a rate of 18% p.a.
So, interest earned in 4 years on the sum of 3000 = (3000*15*4)/100 = Rs. 1800.
and interest earned in 4 years on the sum of 12000 = (12000*18*4)100 = Rs. 8640.
Therefore total interest payed in 4 years is (1800+8640) = Rs. 10440.
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Answered by
1
Answer:
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