Question

Yogesh lent out Rs.$7,000$ at $6$% and Rs.$9,500$ at $5$%. Find his total income from the interest in 3 years.

• A. Rs.$1,966$
• B. Rs.$2,133$
• C. Rs.$2,685$
• D. Rs.$3,148$

Answer 1

Answer: (C)

Rs.$2,685$

$P_1=7000$

$r=6$

$t=3$

SI $=\frac{7000\times 6\times 3}{100}=1260$

$P_1=9500$

$r=5$

$t=3$

SI $=\frac{9500\times 5\times 3}{100}=1425$

Total Amount $=1260+1425=2685$