Question

Q1. A man borrow $ 100 for 3 years at rate of 6% per annum. What is the simple interest he has to pay a) $ 18 b) $ 20 c) $ 25 d) $ 30 e) $32​

Answer 1

Answer:

S.I= P.A*n*r/100,

=100×3×6/100;

=18

so answer is $18