Aspire Faculty ID #17788 · Topic: TANCET MCA 2024 · Just now
TANCET MCA 2024

If Rakesh borrows Rs. 36,000 from Sathesh at rate of interest 6% S.I. at the end of four years, how much interest Rakesh has to pay?

Solution

Simple interest $= frac{P imes R imes T}{100}$
$= frac{36000 imes 6 imes 4}{100}$
$= 8640$
Hence, the required interest is Rs. 8,640.

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