Ramlal borrowed rupees 3000 from Arun to purchase a tractor. Arun charged him an interest of 9/2% per annum. How much simple interest will Ramlal pay to Arun after 3 years?
Answers
Answered by
4
Answer:
Simple interest = Rs 2222.222
Step-by-step explanation:
Principal = Rs 3000
Rate = 9/2% per annum
= 4.5 % per annum
Time = 3 years
So,
Simple Interest = Principal * 100 / Rate * Time
=Rs3000 * 100 / 4.5 * 3
=Rs300000 / 13.5
=Rs2222.222
Answered by
0
Step-by-step explanation:
Similar questions