Question

At what rate percent per annum will Rs 3000 yield Rs 540 as simple interest in 3 years ?

Answer 1

Answer:

6%

Step-by-step explanation:

Let the Rate percent be R.

Principal (P) = ₹3000

Simple Interest (SI) = ₹540

Time (T) = 3 years

SI = PRT/100

=> 540 = 3000 × R × 3/100

=> 540 = 90 × R

=> R = 6%

Answer 2

Answer:

6% is the answer

Step-by-step explanation:

principle = ₹3000

rate = ?

time = 3years

simple interest = ₹540

Rate of Intrest = 100×simple interest / principle × time

=(100×540 /3000 ×3)%

=(54000 / 9000)%

= 6%

Therefore,the rate of interest is 6%

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