Aptitude - Simple Interest - Discussion

Discussion Forum : Simple Interest - General Questions (Q.No. 5)
5.
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?
3.6
6
18
Cannot be determined
None of these
Answer: Option
Explanation:

Let rate = R% and time = R years.

Then, 1200 x R x R = 432
100

12R2 = 432

R2 = 36

R = 6.

Video Explanation: https://youtu.be/TjjI4iRkzT0

Discussion:
62 comments Page 6 of 7.

BANTI BISWAL said:   1 decade ago
Why we take R inplace of T ?

Tejas said:   1 decade ago
My Answer is 3.6%.
1200*3. 6% = 43.2
Ok now many years means 10 years
So 43.2 * 10 years = 432
Please tell me this is right or wrong, if wrong why?

Jagat said:   1 decade ago
I don't understand how we will we take T=R & what is mean of as many year as the rate of interest give actual mean of this sentence.

Lavs said:   1 decade ago
Hai friends
Actually reena took sum of Rs.1200 ie P=1200 and paid simple interest of Rs.432
We are asked to find the rate ie R
It is given that, simple interest for as many years as the rate of interest. this line mean that T=R.
Or
you can asuume R & T to some other variable also ie R=T=x

formulato be used is SI=PRT/100
432=1200*R*R/100 (Here i have used T=R)
43200=1200 R square
Rsquare=43200/1200
Rsquare=36
R=6
Hope understand... Goood night

Anil said:   1 decade ago
Actually, I am unable to understand what the question is, can anyone please explain me.

Kishan said:   1 decade ago
Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest.

Please solve the above sentence.

Hasmukh Maniya said:   1 decade ago
But Why we took R two times in this Solution..

We can Take Like R=Rate of Interest and T=Time

the Formula is SI=PRT/100

In this Formula if We take 1 year then the ans will be 36 instead of 6.

Plz Give me Proper Solution for my biggest Confusion..As Soon As

Sanju said:   1 decade ago
According to ques we can also take x, y, z it is not a matter.

VAANI said:   1 decade ago
As many years as the rate of interest so we taken t=r

Sakshi said:   1 decade ago
You are right Ppp.
We can also take x.
according to the question R=T.we can take R=T=x
R= S.I*100/P*T
x=432*100/1200*x
x to the power square =36; x= 6


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