Menu
Home / Arithmetic Aptitude / Simple Interest :: Discussion

Discussion :: Simple Interest

  1. Reena 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?
    2. A.
    3.6
    B.
    6
    C.
    18
    D.
    Cannot be determined
    E.
    None of these

    View Answer

    Workspace

    View Answer

    Answer : Option B

    Explanation :

    Let rate = R% and time = R years. 

    Then, (1200 * R * R) / 100 = 432 

Write your comments here:

Be The First To Comment