Latest HCL Aptitude Question SOLUTION: A man borrows Rs. 1200.00 from a bank for a period of 3 months. He finds that he has to repay Rs. 1236.00. The bank rate of interest is: (A) 3% (B) 6% (C) 12% (D) 24%

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(#M40003887) HCL Numerical Ability question HCL PUZZLE Keep an EYE

A man borrows Rs. 1200.00 from a bank for a period of 3 months. He finds that he has to repay Rs.
1236.00. The bank rate of interest is:
(A) 3% (B) 6%
(C) 12% (D) 24%

Asked In HCL (12 years ago)

Unsolved Read Solution (5)

Is this Puzzle helpful?   (25)   (3) Submit Your Solution Simple & Compound Interest

Read Solution (5) :

Lakshmi Paramasivan  (12 years ago)

options s (C)
amount returnd s 1236 , so interst Rs.36, borrowd 1200, n=3/12, so 36=(1200*3*r)/12*100, thus r=12%

Is this solution Helpfull? Yes (18) | No (1)  

Khushboo Porwal  (12 years ago)

c)12%

S.I=1236-1200=36
time=3/12 year

S.I.=P*R*T/100
36=(1200*R*3)/12*100
R=12%

Is this solution Helpfull? Yes (12) | No   

Sahil Garg  (11 years ago)

IN THIS QUESTION SIMPLE INTEREST IS RS 36 ---- FROM(1236-1200)
TIME IS 3MONTHS SO WE CAN SAY IN YEARS ITS 1/4 OF A YEAR ---- FROM(12MONTHS/4=3MONTHS)
SO SIMPLY APPLYING SIMPLE INTEREST FORMULA
SI=P*R*T/100
36=1200*R*1/400
WE GET R=12% PER YEAR SO THE ANSWER IS OPTION C.

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rakhi kumari  (11 years ago)

r=si*100/p*t
=36*100/1200*3
12%

Is this solution Helpfull? Yes | No (1)  

shravya p  (3 years ago)

c)12%
S.I=1236.00-1200.00=36.00
P=1200.00
T=3 months=3/12 year
R=?
S.I=P*T*R/100
36=1200*3*R/(12*100)
R=36*12*100/1200*3
R=12

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