A Weaver Cooperative Society Takes Loan Of ₹ 15,000 At The Tone Of Buying A Power Loom. After 5yrs, The Society Has To Repay ₹22125 For Recovering The Loan. Let Us Determine The Rate Of Simple Interest In Percent Per Annum. - ConceptEra

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Question

A weaver Cooperative society takes loan of ₹ 15,000 at the tone of buying a power loom. After 5yrs, the society has to repay ₹22125 for recovering the loan. Let us determine the rate of simple interest in percent per annum.

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