Mathematics
Raj borrows ₹ 8,000; out of which ₹ 4,500 at 5% and the remaining at 6%. Find the total interest paid by him in 4 years.
Simple Interest
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Answer
Given:
Total amount Raj borrows = ₹ 8,000
P = ₹ 4,500
R = 5%
T = 4 years
Remaining Principal = ₹ (8,000 - 4500) = ₹ 3,500
R = 6%
T = 4 years
Total interest paid in 4 years = ₹(900 + 840) = ₹ 1,740
Hence, total interest paid in 4 years = ₹ 1,740.
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