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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • A man borrows Rs. 4000 from a bank at 7 1/ 2% compound interest. At the end of every he pays Rs. 1500 as part repayment of loan and interest. How much does he still owe to the bank after there such installments?


  • Options
  • A. Rs. 123.25
  • B. Rs. 125
  • C. Rs. 400
  • D. Rs. 469.18

  • Correct Answer
  • Rs. 123.25 

    Explanation

    Balance = Rs.[{4000 x (1 x 15/2 x 100)3} - {1500 x (1 + 15/2 x 100)2 + 1500 x (1 + 15/2 x 100) + 1500}]
    = Rs. 123.25


  • More questions

    • 1. 
      The median for the data 2, 4, 6, 8, 10, 12, 14 is

    • Options
    • A. 6
    • B. 8
    • C. 9.5
    • D. 10
    • Discuss
    • 2. 
      The value of 47 / 10000 is?

    • Options
    • A. .0047
    • B. .0470
    • C. .00047
    • D. .000047
    • Discuss
    • 3. If 4x = 18y, then the value of ( x/y - 1) is

    • Options
    • A. 1 3
    • B. 7 2
    • C. 2 3
    • D. 3 2
    • Discuss
    • 4. 
      If the price of 23 toys is Rs. 276, then what will the price (Rs.) of 12 toys?

    • Options
    • A. 144
    • B. 158
    • C. 159
    • D. 166
    • Discuss
    • 5. 
      .02 =(......?.....)%

    • Options
    • A. 20
    • B. 2
    • C. .02
    • D. .2
    • Discuss
    • 6. 
      If 36 men can do a piece of work in 25 hours, in how many hours will 15 men do it?

    • Options
    • A. 45
    • B. 55
    • C. 60
    • D. 72
    • Discuss
    • 7. 
      2?63 / 11 =233

    • Options
    • A. 4
    • B. 3
    • C. 6
    • D. 5
    • Discuss
    • 8. 
      When 121012 is divided by 12, the remainder is

    • Options
    • A. 0
    • B. 2
    • C. 3
    • D. 4
    • Discuss
    • 9. 
      Aarti can do a piece of work in 6 days. In how many days will she complete three time of work of same type?

    • Options
    • A. 18 days
    • B. 21 days
    • C. 3 days
    • D. 6 days
    • Discuss
    • 10. 
      750.0003 ÷ 19.999 =?

    • Options
    • A. 49
    • B. 18
    • C. 22
    • D. 38
    • Discuss


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