Rakesh Borrows ₹120000 ; out of which ₹68000 at 8%per annum and remaining at 9.5%per annum . Find the total intrest paid by him on 3_1/2
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Step-by-step explanation:
principle amount = 1,20,000
S.I = (68000× 7/2×8)/100
S.I= Rs 19,040;
S.I of remaining amount = (52,000×7/2×9.5)/100
S.I= Rs 17,290
total simple interest paid by him
= 19,040+17,290= Rs 36,330
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