Multiple Choice Questions on Praveena took a loan of Rs 1200 with simple interest for as many years as the rate of interest If sh........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Praveena took a loan of Rs 1200 with simple interest for as many years as the rate of interest If sh...........

Quant (SSC) Simple Interest
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    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 ?

    6

    Correct Answer

    7

    Incorrect Answer

    9

    Incorrect Answer

    11

    Incorrect Answer
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    Explanation:

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

    By: MIRZA SADDAM HUSSAIN
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