Answer:
Rohit borrowed Rs 60000 from a bank at 9% per annum for 2 years for his higher education. The amount to be paid to the bank is calculated based on simple interest.
Answer the following questions.
1) What is the rate of interest in the above situation.
2) Write the sum borrowed by Rohit from the bank.
3) Find the amount to be paid by Rohit at the end of two years.