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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?
can't be determined
Let rate = R% and time = R years.
Then, (1200*R*R/100) = 432
12R2 = 432
Hence, option 2 is the correct answer.
By: Amit Kumar ProfileResourcesReport error
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