Question

Harish borrowed borrowed 2500 at 3% per annum and a and 1000 at 5% per annum interest what interest will Harish have to pay after 2 years​

Answer 1

Principal amount = Rs 2500
Interest per year = 3% x 2500 = 0.03 x 2500 = Rs 75
Interest for 2 years = 75 x 2 = Rs 150

Principal amount = Rs 1000
Interest per year = 5% x 1000 = 0.05 x 1000 = Rs 50
Interest for 2 years = 50 x 2 = Rs 100

Total interest = 150 + 100 = Rs 250

Answer: The total interest after 2 years is Rs 250

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Answer 2

8800

interest of 72500 for two years is 8700 and interest of 1000 for two years is 10