Loading ...
Sorry, an error occurred while loading the content.

Simple Interest

Expand Messages
  • udhay_explode
    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
    • 0 Attachment
      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.
    • Ani
      ... 10/100*[20*5,00,000+(15+10+5)*1,00,000] =13,00,000RS.
      Message 2 of 3 , Oct 1, 2010
      View Source
      • 0 Attachment
        --- 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.
      • gaurav chowdhry
        i think ani is correct. ... From: Ani Subject: [2IIM CAT Prep] Re: Simple Interest To: ascent4cat@yahoogroups.com Date: Friday,
        Message 3 of 3 , Oct 13, 2010
        View Source
        • 0 Attachment
          i think ani is correct.

          --- On Fri, 10/1/10, Ani <anicoolrudh@...> wrote:

          From: Ani <anicoolrudh@...>
          Subject: [2IIM CAT Prep] Re: Simple Interest
          To: ascent4cat@yahoogroups.com
          Date: Friday, October 1, 2010, 1:47 PM

           



          --- 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.


        Your message has been successfully submitted and would be delivered to recipients shortly.