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Reema 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.

  • 5%
  • 6%
  • 7%
  • 8%
Similar Questions :

1. A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 5400 interest. The principal amount borrowed by him was.

  • Rs 14000
  • Rs 15000
  • Rs 16000
  • Rs 17000

2. There was simple interest of Rs. 4016.25 on a principal amount at the rate of 9%p.a. in 5 years. Find the principal amount

  • Rs 7925
  • Rs 8925
  • Rs 7926
  • Rs 7925

3. What will the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years.

  • 1:2
  • 2:1
  • 2:2
  • 2:3

4. Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years.

  • Rs 1052
  • Rs 1152
  • Rs 1252
  • Rs 1352

5. Sachin borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends money to Rahul at 25/4% p.a. for 2 years. Find the gain of one year by Sachin.

  • 110.50
  • 111.50
  • 112.50
  • 113.50
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