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

Answer

To find Ashok's total income from the interest in 3 years for the amounts lent out, we will calculate the simple interest for each amount separately and then sum them up.

### Step-by-Step Solution:

1. **Calculate Simple Interest for Rs. 7,000 at 6% for 3 years:**
- Formula for Simple Interest (SI) is:
\[ SI = \frac{P \times R \times T}{100} \]
- Where:
- \( P = 7000 \) (Principal)
- \( R = 6 \) (Rate of Interest)
- \( T = 3 \) (Time in years)
- Substituting the values:
\[ SI_1 = \frac{7000 \times 6 \times 3}{100} \]
- Simplifying:
\[ SI_1 = \frac{126000}{100} = 1260 \]

2. **Calculate Simple Interest for Rs. 9,500 at 5% for 3 years:**
- Using the same formula:
- Where:
- \( P = 9500 \) (Principal)
- \( R = 5 \) (Rate of Interest)
- \( T = 3 \) (Time in years)
- Substituting the values:
\[ SI_2 = \frac{9500 \times 5 \times 3}{100} \]
- Simplifying:
\[ SI_2 = \frac{142500}{100} = 1425 \]

3. **Calculate Total Income from Interest:**
- Now, we add the two simple interests calculated:
\[ \text{Total Income} = SI_1 + SI_2 = 1260 + 1425 \]
- Simplifying:
\[ \text{Total Income} = 2685 \]

### Final Answer:
Ashok's total income from the interest in 3 years is **Rs. 2685**.

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