App Logo

No.1 PSC Learning App

1M+ Downloads
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. 16400

BRs. 12000

CRs. 12500

DRs. 18000

Answer:

B. Rs. 12000


Related Questions:

A sum of money doubles it self in 5 years at a simple interest. Then what is the rate of interest ?
In how may years will a sum of Rs. 320 amount to Rs. 405 if interest is compounded at 12.5% per annum?
Raghav lent ₹7,500 to Gopal for three years and ₹5,000 to Sachin for four years on simple interest at the same rate of interest, and received ₹3,570 in all from both as interest. The interest paid by Sachin is:
A sum of Rs. 10640 gives interest of Rs. 3724 in x years at 5% simple interest. What will be the value of x?
A sum of money, put at simple interest treble itself in 15 years. the rate percentage per annum is: