SI loan where the rate is tied to the number of years, interest given: rate
The same question, asked 2 times: 19 Jul 2023 S2*, 18 Sep 2025 S2. Every wording below, oldest first.
Try each one first, then open its answer.
Question 1
19 Jul 2023 S2
70A man took a loan of ₹32,400 at a certain rate of simple interest per annum. The rate of interest is one-fourth of the number of years for which the loan is taken. If he paid ₹11,664 as interest at the end of the loan period, the rate of interest was:Tap an option to check your answer.
Question 2
18 Sep 2025 S2
57Reena borrowed Rs. 1200 at simple interest for a number of years equal to the rate of interest. At the end of the loan term, she paid Rs. 432 in interest. What was the interest rate?Tap an option to check your answer.