Mr. Sharma lent 15000 to his friend. He charged the interest at 15% per annum on

12500 and 18% on the rest. How much interest did he earn in 3 years ?

# Mr. Sharma lent 15000 to his friend. He charged the interest at 15% per annum on

### 1 thought on “Mr. Sharma lent 15000 to his friend. He charged the interest at 15% per annum on<br />12500 and 18% on the rest. How much interest”

### Leave a Comment

You must be logged in to post a comment.

Given:–Tofind:–we know,

[tex]\bf \pink{Interest= \frac{p \times r \times t \: }{100} }[/tex]

Where,

Pprincipal,rrateofinterestttimeperiod.Now, By putting the values we get,

[tex] \implies\sf{ \frac{12500 \times 15 \times 3}{100} }[/tex]

[tex]\sf \implies \: 5625[/tex]

Therefore, the interest in this case is Rs 5625 .

Rest amount we get as,

[tex]\sf \implies \: 15000 – 12500 = 2500[/tex]

We know, the rate of interest on this is 18%

So,

The interest on Rs. 2500 for 3 years we get,

[tex] \sf\implies{Interest = \frac{p \times r \times t}{100} }[/tex]

Now,

By putting the value,

[tex]\sf\implies{ \frac{2500 \times 18 \times 3}{100} }[/tex]

[tex]\sf\implies{1350}[/tex]

So,

The total interest earned in 3 years

is

[tex]\sf\implies{5625 + 1350 = 6975}[/tex]

Hence,YouranswerisRs.6975[tex]\small\bf\purple{Hope\:it\:helps\:uh\::)}[/tex]