Question

Two friends together took a loan of 15,000 from a bank to run a business at the rate of simple interest of 12% per annum. Let us write, by calculating, the interest they have to pay after 4 years (simple interest)​

Answer 1

Answer:

$\frac{15000 \times 4 \times 12}{100 } = 150 \times 4 \times 12 = 600 \times 12 = 7200 \: rs$

$7200$