Ashok borrowed Rs. 15,000 for 3 years at simple interest. If he paid Rs. 2700 as interest, then the rate of interest would be:

Ashok borrowed Rs. 15,000 for 3 years at simple interest. If he paid R

1.	Ashok borrowed Rs. 15,000 for 3 years at simple interest. If he paid Rs. 2700 as interest, then the rate of interest would be:
A.	5.4% p.a.
B.	6% p.a.
C.	9% p.a.
D.	18% p.a.
Answer» C. 9% p.a.

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Ashok borrowed Rs. 15,000 for 3 years at simple interest. If he paid Rs. 2700 as interest, then the rate of interest would be:

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