Question

Ram borrowed a sum of rupees 30000 from Shyam for 3 years if the rate of interest is 6% per annum compounded annually find the interest paid by Ram to Shyam after 3 years ​

Answer 1

Answer:₹5400

Step-by-step explanation:

Principal= 30000

Time= ₹3 years

Rate of Interest= 6%

Therefore, Simple Interest= P.T.R/100= ₹30000×3×6/100= ₹300×3×6= ₹5400