Mr. garg lent rupees 15000 to his friend he charged the interest at 15% per annum on rupees 12500 and 18% on the rest. how much interest did he earn in 3 years
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Answers
Answered by
1
Answer:
6975
Step-by-step explanation:
12500 x 0.15 = 1875
2500 x 0.18 = 450
(1875 + 450) x 3 = 6975 //interest for a year times 3
Answered by
2
Principal amount (P) = Rs 12500
Time period (T) = 3 years
Rate of interest (R) = 15% p.a.
Interest = 100
P×R×T = 100
12500×15×3
= Rs 5625
Rest of the amount lent = Rs 15000−Rs 12500=Rs 2500
Rate of interest = 18% p.a.
Time period = 3 years
Interest = 100
P×R×T= 100
2500×18×3
= Rs 1350
Total interest earned = Rs 5625+Rs 1350=Rs 6975
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