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## #1 2017-12-13 17:06:30

**shakeel123****Moderator**- Registered: 2017-09-21
- Posts: 50,796

### Reena took a loan of Rs. 1200 with simple interest as many years ...

# General Basic Math Exams Quizzes MCQs Quizzes Simple Interest Math Quiz

**Question:**

Reena took a loan of Rs. 1200 with simple interest 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?

**Option A):**

None of these**Option B):**

6**Option C):**

Cannot be determined**Option D):**

3.6**Option E):**

18

**Correct Answer is Option B):**

6

**Explanation:****Solution:**

Let rate = R% and time = Ryears

Then, (1200 x R x R/100) =432

→12R² = 432

→ R² =36

→ R= 6

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## 2017-12-13 17:06:30

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### Re: Reena took a loan of Rs. 1200 with simple interest as many years ...

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