If the simple interest on ₹6,000 for 3 years is ₹1,800, the annual rate is:

Problem Statement

Explanation

Rearrange simple interest formula. Rate equals interest times one hundred over principal times time. Eighteen hundred times one hundred divided by eighteen thousand equals ten percent.

Code Solution

SolutionRead Only

R = SI×100/(P×T) = 1800×100/(6000×3) = 10%

Practice Sets

This question appears in the following practice sets:

Simple & Compound Interest

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If the simple interest on ₹6,000 for 3 years is ₹1,800, the annual rate is:

Problem Statement

Explanation

Code Solution

Practice Sets

Related Questions

What is the sum of first 50 natural numbers?

Find the HCF of 12 and 18.

Find the LCM of 12 and 18.

Simplify: 25 + 15 × 3 - 10 ÷ 2

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If the simple interest on ₹6,000 for 3 years is ₹1,800, the annual rate is:

Problem Statement

Explanation

Code Solution

Practice Sets

Related Questions

What is the sum of first 50 natural numbers?

Find the HCF of 12 and 18.

Find the LCM of 12 and 18.

Simplify: 25 + 15 × 3 - 10 ÷ 2

A number when divided by 5 leaves remainder 3. What will be the remainder when the square of this number is divided by 5?

More from Aptitude & Reasoning

Master Interviews
Anywhere, Anytime