Advertisements
Advertisements
Question
Raj borrows Rs.8,000; out of which Rs. 4500 at 5% and the remainder at 6%. Find the total interest paid by him in 4 years.
Advertisements
Solution
Total sum borrowed by Raj = Rs.8000
In the First Case :
P = Rs.4500
R = 5%
T =4 years
S.I. =`("P"xx"R"xx"T")/100`
= Rs.`(4500xx5xx4)/100`
= Rs.900
In the Second Case :
p = Rs.8000 − Rs.4500
= Rs.3500
R = 6%
T = 4 years
S.I. =`("P"xx"R"xx"T")/100`
= Rs. `(3500xx6xx4)/100`
= 35 × 6 × 4 = Rs.840
Total interest paid by Raj
= Rs.900 + Rs.840
= Rs.1740
APPEARS IN
RELATED QUESTIONS
Find the amount to be paid at the end of 3 years in given case:
Principal = ₹ 7,500 at 5% p.a.
If Meena gives an interest of ₹ 45 for one year at 9% rate p.a.. What is the sum she has borrowed?
Find the interest and the amount on:
₹ 5,000 at 8% per year from 23rd December 2011 to 29th July 2012.
Rohit borrowed Rs. 24,000 at 7.5 percent per year. How much money will he pay at the end of the 4th years to clear his debt?
If ₹ 3,750 amount to ₹ 4,620 in 3 years at simple interest. Find:
(i) the rate of interest
(ii) the amount of Rs. 7,500 in `5 1/2` years at the same rate of interest
Find the simple interest on ₹ 35,000 at 9% per annum for 2 years?
Sheela has paid simple interest on a certain sum for 4 years at 9.5% per annum is ₹ 21,280. Find the sum
A sum of ₹ 46,900 was lent out at simple interest and at the end of 2 years, the total amount was ₹ 53,466. Find the rate of interest per year
The ______ of interest on a sum of ₹ 2000 at the rate of 6% per annum for `1 1/2` years and 2 years is ₹ 420.
Bhavya earns ₹ 50,000 per month and spends 80% of it. Due to pay revision, her monthly income increases by 20% but due to price rise, she has to spend 20% more. Find her new savings.
