Browse Groups

• Hey guys please post your replies if you can solve this problem, Mr. X, wants to his establish his industry. For this, he requires an instant loan of
Message 1 of 3 , Aug 16, 2010
View Source
Hey guys please post your replies if you can solve this problem,

Mr. X, wants to his establish his industry. For this, he requires an instant loan of Rs.5,00,000 and every five years he requires an additional loan of Rs.1,00,000. If he had to clear all his outstanding in 20 years, and he repays the principal of the first loan equally over 20years, find what amount he would have to pay as interest on his initial borrowing if the rate is 10% p.a. Simple Interest.
• ... 10/100*[20*5,00,000+(15+10+5)*1,00,000] =13,00,000RS.
Message 1 of 3 , Oct 1, 2010
View Source
--- In ascent4cat@yahoogroups.com, "udhay_explode" <udhay_explode@...> wrote:
>
> Hey guys please post your replies if you can solve this problem,
>
> Mr. X, wants to his establish his industry. For this, he requires an instant loan of Rs.5,00,000 and every five years he requires an additional loan of Rs.1,00,000. If he had to clear all his outstanding in 20 years, and he repays the principal of the first loan equally over 20years, find what amount he would have to pay as interest on his initial borrowing if the rate is 10% p.a. Simple Interest.
>

10/100*[20*5,00,000+(15+10+5)*1,00,000]
=13,00,000RS.
• i think ani is correct. ... From: Ani Subject: [2IIM CAT Prep] Re: Simple Interest To: ascent4cat@yahoogroups.com Date: Friday,
Message 1 of 3 , Oct 13, 2010
View Source
 i think ani is correct. --- On Fri, 10/1/10, Ani wrote:From: Ani Subject: [2IIM CAT Prep] Re: Simple InterestTo: ascent4cat@yahoogroups.comDate: Friday, October 1, 2010, 1:47 PM --- In ascent4cat@yahoogroups.com, "udhay_explode" wrote: > > Hey guys please post your replies if you can solve this problem, > > Mr. X, wants to his establish his industry. For this, he requires an instant loan of Rs.5,00,000 and every five years he requires an additional loan of Rs.1,00,000. If he had to clear all his outstanding in 20 years, and he repays the principal of the first loan equally over 20years, find what amount he would have to pay as interest on his initial borrowing if the rate is 10% p.a. Simple Interest. > 10/100*[20*5,00,000+(15+10+5)*1,00,000] =13,00,000RS.

Your message has been successfully submitted and would be delivered to recipients shortly.
• Changes have not been saved
Press OK to abandon changes or Cancel to continue editing
• Your browser is not supported
Kindly note that Groups does not support 7.0 or earlier versions of Internet Explorer. We recommend upgrading to the latest Internet Explorer, Google Chrome, or Firefox. If you are using IE 9 or later, make sure you turn off Compatibility View.