Question

johnson took a loan of rs 15000 for 3 years at simple interest. if the total interest paid is Rs 2700 what is rate of interest per annum

Answer 1

Answer:

P = 15000

R= x

T= 3

SI = 2700

Explanation:

Now, SI = PRT/100

2700 = 15000 X x X 3 / 100

SOLVING THIS WE GET

X = 6

Answer 2

Answer:

I=P*R*T/100

2700=1500*R*3/100

270000=1500*R*3

270000/3=1500*R

90000=1500*R

900/15=R

6=R

the interest per annum is6%