CUET Preparation Today
The interest earned on ₹15,000 in 3 years at simple interest is ₹5,400. Find the rate of interest per annum. |
11.5% 12% 12.5% 15% |
12% |
SI = \(\frac{ P ×R× T}{100}\) 5400 = \(\frac{ 15000 ×R× 3}{100}\) R = 12% The correct answer is option (2) : 12% |
