Calculate the simple interest on 6000 for 3 years at 12% per annum

Answer 1

Simple interest = Principal x Rate x Time

P = 6000, r = 12%, t = 3 years

Simple interest = 6000 x 0.12 x 3
= 2160

Therefore, the simple interest on 6000 for 3 years at 12% per annum is Rs. 2160.