Question

Raj borrows Rs.$16,000$; out of which Rs.$9,000$ at $5\%$ and remaining at $6\%$. Find the total simple interest paid by him in $4$ years.

• A. $1600$
• B. $3480$
• C. $3600$
• D. $3300$

Answer 1

The correct option is B $3480$

$I_1=\frac{P\times R\times T1}{100}=\frac{9000\times 5\times 4}{100}=Rs.1800$

$I_2=\frac{7000\times 6\times 4}{100}=Rs.1680$

$\therefore$ Total Interest $=Rs.1800+Rs.1680=Rs.3480$