Raima took a loan of Rs. 1500 with simple interest for as many years as the rate of interest. If she paid Rs. 960 as interest at the end of the loan period, what was the rate of interest?

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25 Apr 2017 Simple Interest Raima took a loan of Rs. 1500 with simple interest for as many years as the rate of interest. If she paid Rs. 960 as interest at the end of the loan period, what was the rate of interest?: OPtion
1) 6 %
2) 6.5 %
3) 6.25%
4) 9.00 %
5) 8.00 %
6) 7.25 %
7) 7.50 %
8) 8.50 %
9) 8.75 %
10) None of these; Correct Option: 5 Best Solution (8)

kavitha 7 years AGO

p=1500
n and r is same let it be x
si=960
960=1500*x*x/100
x^2=64
x=8

Like? Yes (1) | No

Azim Uddin Siddiqui 7 years AGO

s.i=p*t*r/100
t=r=>x given
p=Rs. 1500
s.i=960
960=1500*x^2/100
x^2=64
x=8
so option 5

Like? Yes (1) | No (1)

Avinash 7 years AGO

p*r^2/100=SI
as rate=time
acc to question
1500*r^2=96000
hence r=8%

Like? Yes | No

Prateek khanna 7 years AGO

simple interest=p*r*t/100
960*100/1500=r^2 as r=t
r^2=64
so the rate of interest equals to 8.00

Like? Yes | No

Tejus Singla 7 years AGO

Simple interest = P*R*T divided by 100.
Let rate of interest be x
960=1500*x*x divided by 100.
From here we get x^2 = 64
So rate of interest,x=8%

Like? Yes | No

Ayush Gupta 7 years AGO

si=960 and principal=1500 then using formula
r×t=64
here r=t
therefore r=8%

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jyothi chhabria 7 years AGO

SI=PTR/100
960=1500*X^2/100
X^2=64
X=8 % INTEREST AND T=8 YRS

Like? Yes | No

g lokesh 7 years AGO

I=PTR/100
P=1500
I=960
T=R
960=r^2*1500/100
r^2=64
r=8

Like? Yes | No

Dimple

India

Punjab

Time: 00:01:33

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Raima took a loan of Rs. 1500 with simple interest for as many years as the rate of interest. If she

M4maths Previous Puzzles

25 Apr 2017 Simple Interest