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
ARs. 16400
BRs. 12000
CRs. 12500
DRs. 18000
Related Questions:
The simple interest on a sum of money is of the principal, and the number of years is equal to 2 times the rate percent per annum. Find the rate percent.2.5%