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Reena took a loan of 1200 with simple interest for as many years as the rate of interest. If she paid 432 as interest at the end of the loan period, what was the rate of interest?
3.6
6
18
Cannot be determined
None of these

Read Solution (Total 3)

As T=R bcz given for as many years as the rate of interest..
so 432=(1200*R*R)/100
then R=6
11 years agoHelpfull: Yes(3) No(0)

3.6%
12 years agoHelpfull: Yes(0) No(5)
i think answer is 18
12 years agoHelpfull: Yes(0) No(4)

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