Question

akash lent rupees 50,000 to his friend.He lent rupees 30,000 at the rate of 12 percent and the remaining amount at the rate of 15 percent. How much simple interest did akash receive in 4 years ​

Answer 1

Answer:

Akash receives ₹.26,400 as simple interest at the end of 4 years

Step-by-step explanation:

Principle amount :-

Principle amount lent by Akash,

• P1 = ₹.30,000
• P2 = ₹.20,000

Rate of interest :-

• rate of interest for P1 = 12% (R1)
• rate of interest for P2 = 15% (R2)

Time (in years) :-

• Time = 4 years (n)

Simple interest :-

• S.I =( P × n × R) ÷ 100

1. S.I = [30000×4×12] ÷ 100 = 14400
2. S.I = [20000×4×15] ÷ 100 = 12000

Total S.I :-

• Total S.I = 14400 + 12000 = ₹.26,400