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?ARs. 16400BRs. 12000CRs. 12500DRs. 18000Answer: B. Rs. 12000 Read Explanation: SI = PnR/100 9600 = P × 5 × 16/100 P = 12000Read more in App