Question

Rajesh took a loan of Rs 12000 for 3 years at simple interest.If total interest Paid by him is Rs 2700. What is rate of interest per annum ?​

Answer 1

Answer:A - 12,000

B - 13,000

C - 14,500

D - 12,500

Answer - A

Explanation Let the sum borrowed be Z. Then,

(Zx6x2⁄100) + (Zx9x3⁄100) + (Zx14x4⁄100) = 11400

Therefore, 3Z⁄25 + 27Z⁄100 + 14Z⁄25) = 11400

? 95Z⁄100 = 11400

Z = (11400x100⁄95) = 12000

Answer 2

12000+2700= 14700

                          14700*1