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

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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 ?​

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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