Question

Harish borrows $2,500 at 3% per annum and 1,000 at 5% per annum interest.
What interest will Harish have to pay after two years?​

Answer 1

Answer:

Step-by-step explanation:

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

Answer 2

Answer

₹125

Step by Step Explanation-

1-

SI=PRT/100

SI=2500x3x1/100

SI=₹75

2-

SI=PRT/100

SI=1000x5x1/100

SI=₹50

Total interest=

75+50=125

Therefore,Harish has to pay a total interest of ₹125.

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