Question:Ashok took a loan of Rs. `1500` for `3` years at simple interest. If the total interest paid is R. 2700,what is the rate of interest per annum ? 

A `5.4%` 
B `6%` 
C `9%` 
D `18%` 

+ Answer
B 

+ Explanation
Rate `= ((100 xx 2700)/(1500 xx 3))%`

`= 6%`

+ Report

Irin Moni

Editor, VCampus

Your Name

Your Email

Type of Report
Spelling MistakeIncorrect AnswerGrammar MistakeContent MissingImproper Text FormatInsufficient AnswerDuplicate QuestionImproper Sentence StructureImproper Equation/FormulaOther

Description