Goutam Took A Loan Of Some Money From A Cooperative Bank For Opening A Poultry Farm At The Rate Of Simple Interest Of 12 % Per Annum. Every Month He Has To Repay ₹ 378 As Interest. Let Us Determine The Loan Amount Taken By Him. - ConceptEra

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Question

Goutam took a loan of some money from a Cooperative bank for opening a poultry farm at the rate of simple interest of 12 % per annum. Every month he has to repay ₹ 378 as interest. Let us determine the loan amount taken by him.

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