Hasib took a loan of 1400 tk with simple interest for as many years as the rate of interest. If he paid 126 th as interest at the end of the loan period , what was the rate of interest?

Hasib took a loan of 1400 tk with simple interest for as many years as the rate of interest. If he paid 126 th as interest at the end of the loan period , what was the rate of interest? Correct Answer 3%

Let rate = R% and time = R years Then <math xmlns = "http://www.w3.org/1998/Math/MathML"><mfenced><mrow><mo>&#xA0;</mo><mfrac><mrow><mn>1400</mn><mo>&#xA0;</mo><mo>&#xD7;</mo><mo>&#xA0;</mo><mi>R</mi><mo>&#xD7;</mo><mi>R</mi></mrow><mn>100</mn></mfrac></mrow></mfenced></math> = 126 <math xmlns = "http://www.w3.org/1998/Math/MathML"><mo>&#x21D2;</mo><mn>14</mn><msup><mi>R</mi><mn>2</mn></msup></math> = 126 <math xmlns = "http://www.w3.org/1998/Math/MathML"><msup><mi>R</mi><mn>2</mn></msup></math> = 9 <math xmlns = "http://www.w3.org/1998/Math/MathML"><mo>&#x2234;</mo></math> R = 3
Bissoy MCQ

Related Questions

Reena took a loan of Tk. 1200 with simple interest for as many years as the rate of interest. If she paid Tk. 432 as interest at the end of the loan period, what was the rate of interest?
Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of Interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
Praveena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?
Arun took a loan of Rs. 29000 with simple interest for as many years as the rate of interest. If he paid Rs. 10440 as interest at the end of the loan period, what was the rate of interest?
Directions: Four friends Raghu, Rajesh, Ramesh and Ravi complete their Graduation in different number of years. The one who took maximum time took eight years to complete his Graduation while the one who took least time took only three years to complete it.Ravi took more time only than Raghu and completed his Graduation in five years. Ramesh did not take longer time
than Rajesh to complete his Graduation. Question: Who took more years to complete his graduation among all ?
Consider the given question and decide which of the following statements is sufficient to answer the question. X took a loan from Y on compound interest. Find the rate per annum? Statements : 1. After 3 years, X paid Rs. 500 as interest 2. After 3 years, X paid Rs. 1500 to clear his loan with Y.
What is the compound interest earned at the end of 3 years? I. Simple interest earned on that amount at the same rate and for the same period is Rs. 4500. II.The rate of interest is 10 p.c.p.a. III.Compound interest for 3 years is more than the simple interest for that period by Rs.465.
Three workers X, Y and Z, are paid a total of Tk.5,500 for particular jobs. X paid 133.33% of the amount paid to Y and Y is paid 75% amount paid to Z.How much is paid to Z?
Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in thesetwo bonds?
X' and 'Y' jointly take a loan, from 'Z' with promise to repay the loan amount with interest within two years. Soon after taking the loan 'X' is declared as an insolvent and remains insolvent till the date of repayment of loan. 'Y' also fails to repay the loan. 'X' on account of his status as insolvent enjoys immunity from legal proceedings. In these circumstances: