How much simple interest is to be paid on a loan of Rs.20000 at `18%` – InterviewSolution

InterviewSolution

1.	How much simple interest is to be paid on a loan of Rs.20000 at `18%` per annum for a period of 3 yeaRs.?
Answer» `P=Rs.20000,R=18%,T=3" yeaRs."` `SI=(PTR)/(100)` `SI=(20000xx3xx18)/(100)=600xx18=Rs.10800` `:." Interest to be paid at the end of 3 yeaRs."=Rs.10800`

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