Question

Mr Sharma lends ₹ 14,000 at 13% per annum simple interest and an equal sum at 12% per annum compound interest .Find the total interest earned by Mr Sharma in 2 years.

Answer 1

Answer:

i don't know very sorry ....

Answer 2

Answer:

5265.60

Step-by-step explanation:

Sum borrowed (P) = ₹ 14000

Rate (R) = 13% p.a.

Time (T) = 2 years

In case of simple interest,

S.I. Interest for 2 years = PRT/100

= ₹ (14000 × 13 ×2)/100 = ₹3,640

In case of compound interest,

Interest for the first year = (14000 × 12 ×1)/100

= ₹ 1,680

Amount after first year

= ₹ 14000 + ₹ 2880 = ₹ 16880

Interest for second year = ₹ (16880 × 12 ×1)/100

= ₹ 202560/100 = ₹ 2025.60

∴ C.I. for 2 years = ₹ 2880 +2025.60

= ₹ 4905.69

Total interest = ₹ 3240 + 2025.60

= ₹ 5265.60

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