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Quantitative Aptitude

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Simple Interest & Compound Interest

Question
19 out of 30
 

Nutan 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?



A 3.6
B 6
C 18
D Cannot be determined
E None of these

Ans. B When year is as many as interest then

Simple Interest & Compound Interest Flashcard List

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