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

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”

1. Given:–

   • Principal (p) = Rs. 12500
   • Time (T) = 3 years
   • Rate of interest (R) = 15% per annum

   To find :–

   • The interest

   we know,

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

   Where,

   P is the principal, r is the rate of interest and t is the time period.

   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,

   Your answer is Rs. 6975

   [tex]\small\bf\purple{Hope\:it\:helps\:uh\::)}[/tex]

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