Yasmeen wants to set up a business. She borrows Rs 6000 from a loan company. The loan company charges 6% per year simple interest. How much interest will Yasmeen pay after 3 years?
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Step-by-step explanation:
P = Rs 6000
T = Rs 3 years
R = 6 %
S. I. = P × R × T / 100
S. I. = 6000× 6 × 3 / 100
S. I. = Rs 1080
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