Reena 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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3608 followers study24x7 03 Mar 2021 11:42 AM study24x7 study24x7

Reena 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

None of these

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