Question
A person 'P' borrowed some money
from a friend who lends under a unique interest structure. For the first two years, the annual interest rate is 5%. For the following two years, the rate increases to 10% per annum, and for the next two years after that, the interest rate rises to 20% per annum. If 'P' borrowed the money for a total of 6 years and paid Rs. 11,51,245 as interest, with the interest compounded annually, what was the principal amount that 'P' borrowed?Solution
ATQ, Let the principle borrowed be Rs. 'p' ATQ; 1151245 + p = p X (1.05)2 X (1.1)2 X (1.2)2 Or, 1151245 = 1.920996p - p Or, 1151245 = 0.920996p Or, p = Rs. 12,50,000
Answer the questions based on the information given below.
A & B means A is greater than B
A * B means A is not greater than B
A ...
Statements: M % N, N & A, A @ B, B # C
Conclusions: I. C & AÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â II. M # B
...Statements: R > S > T ≥ U; Q ≥ R; W = V < U
Conclusions:
I. S > Q
II. W < T
III. Q > W
In the following question the relationship between different elements is given in the statements followed by three conclusions I, II and III. Read the...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and ...
Statements:
N < P ≤ I = O; P ≥ J ≥ K ≥ W; Z ≤ M ≤ W
Conclusions:
I) O > Z
II) O = Z
...Statements: M $ K; K & N, N % R, R @ W
Conclusions:Â Â Â Â Â
I. W & KÂ Â Â Â Â Â Â Â
II. K & WÂ Â Â Â Â Â Â Â Â Â Â Â ...
Statements: I ≥ E = S > J < N > V > Q ≤ O
Conclusion
I: I > S
II: Q < N
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and the...
Statements: F > V > W ≥ L > G; F ≤ O = M < I
Conclusions: I. M > LÂ Â Â II. V < I
