Question

ahmad took a loen of rs 15000 for three year at simple interst if the total interest paid is rs 2700 what will be the rate of interest

Answer 1

Answer:

Let x be the rate.

P=Rs 15000

T= 3 years

SI= Rs. 2700

∴ 2700=15000*x*3 / 100=450x

⇒x=2700/450=6

so, rate is 6 % p.a.