Q. Simple interest on ₹6000 for 3 years is ₹1080. What is the rate of interest?
✅ Correct Answer: (C)
6%
Explanation: SI = (P × R × T) / 100 → 1080 = (6000 × R × 3)/100 → R = (1080 × 100) / 18000 = 6%.
Explanation by: Mr. Dubey
SI = (P × R × T) / 100 → 1080 = (6000 × R × 3)/100 → R = (1080 × 100) / 18000 = 6%.