Question Set

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?






Ask Your Doubts Here

Type in
(Press Ctrl+g to toggle between English and the chosen language)

Comments

  • By: guest on 01 Jun 2017 05.48 pm
    Let rate = R% and time = R years. Then, 1200 x R x R = 432 100 12R2 = 432 R2 = 36 R = 6.
Show Similar Question And Answers
QA->The sum of ages of Sita and Reena is Age of Reena is 3 times the age of Sita.Age of Reena is:....
QA->Rs.800 becomes Rs.956 in 3 years at certain rate of simple interest.If the rate of interest is increased by 3%,What amount will Rs.800 becomes in 3 years?....
QA->The difference between compound interest and simple interest for an amount of Rs. 40,000 for 2 years at 5% interest rate is....
QA->There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?....
QA->The simple interest on a certain amount at 4% p.a. for 4 years is Rs. 80 more than the interest on the same sum for 3 years at 5% p.a. The sum is—....
MCQ->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?....
MCQ->Puneeta borrowed from Reena certain sum for two years at simple interest. Puneeta lent this sum to Venu at the same rate for two years compound interest. At the end of two years she received 110 as compound interest but paid 100 as simple interest. Find the sum and rate of interest:....
MCQ->What is the compound interest earned at the end of 3 years? I.  Simple interest earned on that amount at the same rate and for the same period is Rs. 4500. II.  The rate of interest is 10 p.c.p.a.  III.  Compound interest for 3 years is more than the simple interest for that period by Rs. 465.....
MCQ->Gokul took a certain amount as a loan from a bank at the rate of 8% simple interest per annum and gave the same amount to Alok as a loan at the rate of 12% simple interest per annum. If at the end of 12 years, he made a profit of Rs. 480 in the deal, what was the original amount?....
MCQ->What will be the compound interest earned on an amount of Rs. 5000 in 2 years? I.  The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000. II.  The compound interest and the simple interest earned in one year is the same.  III.  The amount becomed more than double on compound interest in 10 years.....
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use | Powered By:Omega Web Solutions
© 2002-2017 Omega Education PVT LTD...Privacy | Terms And Conditions
Question ANSWER With Solution