Radhika borrowed Rs 12000 from her friends. Out of which Rs 4000 were borrowed at 18% and the remaining at 15% rate of interest per annum.What is the total interest after 3 years? please no spam
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Answer:
Radhika borrowed =Rs.12000
i. Principal =Rs.4000,
Time =3years
R=18%p.a.
Now,
Interest=
100
4000×18×3
=Rs.2160
ii. Principal =12000−8000=Rs.4000,
Time =3years
R=15%p.a.
Now,
Interest=
100
8000×15×3
=Rs.3600
Total interest =2160+3600=Rs.5760
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