The interest earned on Rs. 15000 in 3 years at simple interest is Rs. 5400. Find

Question

The interest earned on Rs. 15000 in 3 years at simple interest is Rs. 5400. Find the rate of interest per annum.

Options:

A . 11.5%

B . 12%

C . 12.5%

D . 15%

Answer: Option B

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