Rajesh took a loan of Rs. 12,000 for 3 years at simple interest. If the total interest paid by him is Rs. 2,700, what is rate of interest per annum?

Rajesh took a loan of Rs. 12,000 for 3 years at simple interest. If th

1.	Rajesh took a loan of Rs. 12,000 for 3 years at simple interest. If the total interest paid by him is Rs. 2,700, what is rate of interest per annum?
A.	2.5%
B.	7.5%
C.	10%
D.	15%
Answer» C. 10%

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Rajesh took a loan of Rs. 12,000 for 3 years at simple interest. If the total interest paid by him is Rs. 2,700, what is rate of interest per annum?

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