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

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Multiple Choice Questions

Rita took a loan of Rs 1200 with simple interest for as many years as the rate of interest If she pa...........

Quantitative Aptitude ( CCS) Compound Interest
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    Rita 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

    18

    Incorrect Answer

    19

    Incorrect Answer
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    Explanation:

    Let rate = R% and time = R years.
    Then, (1200*R*R/100)=432
    12R2=432
    =>R2=36⇔R=6

    By: MIRZA SADDAM HUSSAIN
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