Question

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

Answer 1

Answer:

6975

Step-by-step explanation:

12500-------- 15% ---3yrs   int = 45%  = 5625

2500 -------18% ---3yrs ---- 54% = 1350

5625+1350 = 6975