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Raj borrows Rs. 8000 out of which Rs. 4500 at 5% and remaining at 6%. Find the total interest paid by him in 4 years. |
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Answer» Raj PAID 5% INTEREST for RS 4500 and 6% interest for Rs 3500So interest paid at the rate of 5% in 4 years is 4500× 1005 ×4=900Interest paid at the rate of 6% in 4 years is 3500× 1006 ×4=840Total interest paid in 4 years is 900+840=1740 |
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