Question

Sudhir borrowed some money from one of the financing companies at a simple interest of 6% per annum. He returned to the company ₹ 15,600. After how much time did Sudhir return the money if he borrowed ₹ 12,000?

Answer 1

Answer:

it is after 5 years.

Step-by-step explanation:

since interest is rs. 3600 interest percentage is=3600/12000*100% which equals to 30%. 6% is for one year so 30% will be for 30/6 5 years.