Question

Raj borrows 8,000; out of which * 4,500 at
5% and remaining at 6%. Find the total
interest paid by him in 4 years.​

Answer 1

Answer:

Raj paid 5% interest for Rs 4500 and 6% interest for Rs 3500

So interest paid at the rate of 5% in 4 years is 4500×

100

5

×4=900

Interest paid at the rate of 6% in 4 years is 3500×

100

6

×4=840

Total interest paid in 4 years is 900+840=1740

Therefore the correct option is C

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