state gov Punjab (ਪੰਜਾਬ) Police Constable Mock Test Series 2025 Quantitative Aptitude Interest Simple Interest
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?
1
2.5%
2
7.5%
3
10%
4
15%