Question

Simple interest on Rs 12,000 at the rate of 6% for 3 years is __________​

Answer 1

Answer:

S.I.=Rs.2730

Principal(P)=Rs.12000

Rate(R)=6

2

1

%=

2

13

% p.a.

∴Time=

P×R

S.I.×100

=

12000×13

2730×100×2

=

2

7

years

=3

2

1

years