Reema 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. - Study24x7
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27 followers study24x7 03 Jul 2021 10:46 AM study24x7 study24x7

Reema 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

5%

B

6%

C

7%

D

8%

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