Question

Ashok lent out 7,000 at 6% and 9,500 at
5%. Find his total income from the interest in
3 years.​

Answer 1

Answer

in ist case

S.I = p×r×t/100

=7000×6×3/100

= 1260

in 2nd case

S.I = 9500×5×3/100

= 1425

thus total income is 1260+1425 = 2685