Question

Sachin obtain a loan of Rupees 6000 from the bank to purchase a machine after 3 years he returned an amount of rupees 9240 and freed from his loan what is the rate of simple interest p.c.p.a

Answer 1

3,240 is the simple intrest p. c. p. a.

Answer 2

S.I.=A-P
=9240-6000
=3240
S.I.=P×R×T/
3240×100/6000×3=R
18%=R




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