Question

Mr Ken lend 15000 RS to his friend. He charged 15% per annum of 12500 RS and 18% on the rest. How much interest does he earn in 3 years?

Answer 1

Answer:

Rs 6975

Step-by-step explanation:

15% on Rs 12500 for 3 years will be 45% which is equal to 12500*45/100=Rs 5625

18% on rest Rs 2500 for 3 years will be 54% which is equal to 2500*54/100=Rs 1350

So adding them we get Rs 6975