Question

Mr garg lent rupees 15000 to his friend he charged the interest at 15% per annum on ₹ 12500 and 18% on the rest. how much interest did he earn in 3 years

Please give full explanation​

Answer 1

Answer: ₹6875

Step-by-step explanation:

For ₹12500

15% Interest per annum for 3 years

=12500*3*15÷100

= ₹5525

And for the remaining (15000-12500=2500)

18% Interest per annum for 3 years

=2500*3*18÷100

=₹1350

Therefore, when added

5525+1350

=₹6875

Hope it helps...