Kabir paid Rs. 9600 as interest on a loan he took 5 years ago at a 16% rate of simple interest. What was the amount he took as a loan?

A)  Rs. 16400

B) Rs. 12000

C)  Rs. 12500

D) Rs. 18000

Related MCQs:
  1. If the interest on Rs. 800 in 2 years is more than the interest on Rs. 400 by Rs. 40 in 2 years, find the rate of simple interest.
  2. A sum of Rs.12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
  3. Four years ago the average age of A, B and C was 25 years. Five years ago the average of B and C was 20 years. A’s present is:
  4. A sum of Rs 12500 amounts to Rs. 15500 in the 4 years at the rate of simple interest. Find the rate percent?