Reena took a loan of Tk. 1200 with simple interest for as many years as the rate of interest. If she paid Tk. 432 as interest at the end of the loan period, what was the rate of interest?
Created: 6 years ago |
Updated: 3 years ago
best des
Hints : Let, rate = R% and time = R years
Then, ( 1200×R×R)/100 = 432 [ I = pnr]
12R2 = 432
R2 = 36
R = 6
Md Azizur Rahman
Founder of Satt
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