Question
A person lends Rs. 18,000 to a friend at a simple
interest rate of 10% per annum. After 2 years and 6 months, the friend returns Rs. 12,000 and asks for an extension on the remaining amount. What is the new principal amount that the person will charge interest on for the next 6 months?Solution
Interest for 2.5 years = (18000 * 10 * 2.5) / 100 = 4500 Total amount owed = 18000 + 4500 = 22500 Remaining principal = 22500 - 12000 = 10500 Therefore, the new principal amount is Rs. 10,500.
- In each of the following questions a grammatically correct and meaningful sentence is given with four words given in bold in each. Which of the followi... 
- In the given question, four words are printed in bold and numbered A, B, C, and D. The positions of some highlighted words may be incorrect and need to... 
- And traceability here understand (A) that you should be able to implies (B) exactly what use (C) at the individual level in the happened (D) of the tech... 
- In each of the questions given below, four words are given in bold. These four words may or may not be in their correct position. The sentence is then ... 
- In the question below, two sentences are given, each with four words highlighted in bold and alphabetized. From the options, choose the word from the fi... 
- In each of the questions given below, four words are given in bold. These four words may or may not be in their correct position. The sentence is then foll...
- RBI said “growth prospects (A) financial markets remain nervous and (B) across the world are dampening (C) are characterised by high volatility and pr... 
- The U.S. and the U.K. have often themselves (A) their fingers at developing countries (B) on human rights violations (C) and now find wagged (D) in the ... 
- Direction : In each of the following questions a grammatically correct and meaningful sentence is given with four words given in bold in each. Which of... 
- (i) While carbon markets came into gain (A) nearly two decades ago, they have been plagued by opacity and criticism that they only created the illusion...