Akshay borrowed ₹ 12000 from his friends. Out of which ₹ 4000 were borrowed at 18% and the remaining at 15% rate of interest per annum. What is the total interest after 3 years?
Answers
Answered by
1
Answer:
Rs.5760
Step-by-step explanation:
"Radhika borrowed =Rs.12000
i. Principal =Rs.4000,
Time =3years
R=18%p.a.
Now,
Interest=
100
4000×18×3
=Rs.2160
ii. Principal =12000−8000=Rs.4000,
Time =3years
R=15%p.a.
Now,
Interest=
100
8000×15×3
=Rs.3600
Total interest =2160+3600=Rs.5760"
Similar questions