InterviewSolution
Saved Bookmarks
| 1. |
Kruti Took A Loan At Simple Interest At 6 % In The First Year With An Increase Of 0.5 % In Each Subsequent Year. She Paid Rs. 3375 As Interest After 4 Years. How Much Loan Did She Take? |
|
Answer» LET the loan taken be Rs. X , then X × 6/100 × 1 + X × 6.5/100 × 1 + X × 7/100 × 1 + X × 7.5/100 × 1 = 3375 => (6+ 6.5 +7 +7.5) × X/100 = 3375 => X = (3375 × 100/27) = 12500. Let the loan taken be Rs. X , then X × 6/100 × 1 + X × 6.5/100 × 1 + X × 7/100 × 1 + X × 7.5/100 × 1 = 3375 => (6+ 6.5 +7 +7.5) × X/100 = 3375 => X = (3375 × 100/27) = 12500. |
|