Get Started
875

Q: Praveena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?

  • 1
    6
  • 2
    7
  • 3
    9
  • 4
    11
  • Show Answer
  • Workspace

Answer : 1. "6"
Explanation :

Answer: A) 6 Explanation: Let rate = R% and time = R years.   Then, (1200 x R x R) / 100 = 432   => R = 6.

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today