SSC CGL Model Paper 15

Question : 58 of 100

Marks: +1, -0

Raam took a loan of Rs 1200 with simple interest for at 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?

10
6
3.6
Cannot be determined

Validate

Solution:

\SI={\P×\R×\T}/100

432={1200×x×x}/100

⇒x^2=36⇒x=6

Rate = 6%

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