Simple Interest - Quantitative Aptitude (MCQ) questions for Q. 29727

Q.  Kabir paid Rs. 9600 as interest on a loan he took 5 years ago at 16% rate of simple interest. What was the amount he took as loan?
- Published on 03 May 17

a. Rs. 16400
b. Rs. 12000
c. Rs. 12500
d. Rs. 18000

ANSWER: Rs. 12000
 
simple interest

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