Ashok lent out rs 7000 at 6% and rs9500 at 5%.find his total income from interest in 3yrs.
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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
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
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