Question

Ramesh lent rs 25000 to his two friends. he gave rs 10000 at 10 percent p.a simple interest to one of his friends and the remaining to other at 12 percent p.a. how much interest did he receive after 2 years ?

Answer 1

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5600

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$15000 \times 12 \div \frac{2}{100} \\ = 5600$

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