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Posted By: nemo Member Level: Diamond Posted Date: 23 Jun 2007 Category: Aptitude Test
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A man borrows Rs. 12,500 at 20% compound interest. At the end of every year he pays Rs. 2000 as part repayment. How much does he still owe after three such instalments?
Select Answer:
Rs. 12,000
Rs. 12,864
Rs. 15,600
None of these
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Your Test Score: 0 / 0
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Next Question:
The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is :
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Previous Question:
A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is :
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