A man lent out Rs 14,000 at 5% and Rs 19,000 at 6% simple interest per annum. His total income(in Rs) from the interest in 3 years is:

Options
a) 3,420
b) 2,100
c) 5,445
d) 5.520

Solution

As per question
P = 14000
R = 5%
T = 3 year
P = 19000
R = 6%
T = 3 year
S.I = \frac {14000 \times 5 \times 3}{100} + \frac {19000 \times 6 \times 3}{100}
S.I = 2100 + 3420 = 5520 Rs.

Answer : Rs 5520

Related Posts

Scroll to Top