Nabeela 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 ?

Related Mcqs:

1. The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest.

   A. Rs.3502.80
   B. Rs.3052.40
   C. Rs.3054.8
   D. Rs.3052.80
   E. None of these

2. Rs. 6000 is lent out in two parts. One part is lent at 7% p.a simple interest and the other is lent at 10% p.a simple interest. The total interest at the end of one year was Rs. 450. Find the ratio of the amounts lent at the lower rate and higher rate of interest?

   A. 5 : 1
   B. 4 : 1
   C. 3 : 2
   D. 2 : 1

3. A man took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was :

   A. Rs. 2000
   B. Rs. 10,000
   C. Rs. 15,000
   D. Rs. 20,000

4. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?

   A. Rs. 1550
   B. Rs. 1650
   C. Rs. 1750
   D. Rs. 2000

5. A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :

   A. Rs.3100
   B. Rs.2700
   C. Rs.2200
   D. Rs.1800

6. A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?

   A. Rs.150
   B. Rs.140
   C. Rs.130
   D. Data insufficient for the answer

7. Mr. Tassawar Javed invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

   A. Rs. 6400
   B. Rs. 6500
   C. Rs. 7200
   D. Rs. 7500

8. A sum of money amounts to Rs 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is :

   A. 5%
   B. 8%
   C. 12%
   D. 15%

9. A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

   A. 5%
   B. 8%
   C. 12%
   D. 15%

10. The difference between simple interest and compound interest at the same rate for Rs.5000 for 2 years is Rs. 72. The rate of interest is?

    A. 10 %
    B. 12 %
    C. 6 %
    D. 8 %