1. **Problem statement:** Kwesi borrowed 1800 at simple interest for 3 years and paid a total of 2070. We need to find the simple interest paid and the rate of interest per annum.
2. **Formula for simple interest:**
$$SI = P \times r \times t$$
where $SI$ is simple interest, $P$ is principal, $r$ is rate per annum (in decimal), and $t$ is time in years.
3. **Calculate simple interest paid:**
Total amount paid = Principal + Simple Interest
$$2070 = 1800 + SI$$
$$SI = 2070 - 1800 = 270$$
4. **Calculate rate of interest per annum:**
Using formula:
$$270 = 1800 \times r \times 3$$
Divide both sides by $1800 \times 3$:
$$r = \frac{270}{\cancel{1800} \times 3} = \frac{270}{\cancel{1800} \times 3}$$
Simplify numerator and denominator:
$$r = \frac{270}{5400} = 0.05$$
Convert to percentage:
$$r = 0.05 \times 100 = 5\%$$
**Final answers:**
- Simple interest paid = 270
- Rate of interest per annum = 5%
Simple Interest Ecce22
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