Raj borrows rupees 8000 out of which rupees 4500 at 5% and remaining at 6%. Find the total interest paid by him in 4 years.
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Step-by-step explanation:
Given:
Principal =8000
Rate=6%
Time=4years
Simple interest =P×R×T/100
=8000×6×4/100
=8000×24/100
=192,000/100
=1,920
Therefore Raj pays 1,920 rupees as interest
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