Question

Yogesh took a loan of rs 12000 for 5 years on si after 5 years he paid rs 3600 as interest what is the rate of interest percent per annum

Answer 1

p=3600

T=5 y

S.I=12000

R=100×S.I/R×Time

=12000×100/5×3600

=120000/1800

=2160