If the simple interest on 6,000 Taka for 3 years is 1,800 Taka, what is the rate of interest per annum?

Question: If the simple interest on 6,000 Taka for 3 years is 1,800 Taka, what is the rate of interest per annum?

Solution:
Given, I = 1,800 Taka
P = 6,000 Taka
n = 3 years

We know,
I = Pnr
⇒ r = I/Pn
⇒ r = 1800/(6000×3)
⇒ r = 0.1
∴ r = 10%