Wednesday, May 15, 2013

XAT 2012 Quant Q65 : Siimple Interest

This question appeared in the XAT 2012 quant section. Question 65.

Question

A man borrows Rs. 6000 at 5% interest, on reducing balance, at the start of the year. If he repays Rs. 1200 at the end of each year, find the amount of loan outstanding, in Rupees, at the beginning of the third year.

A. 3162.75
B. 4125.00
C. 4155.00
D. 5100.00
E. 5355.00

Correct Answer : Choice C. Rs.4155.00

Explanatory Answer
Interest payable @ the end of the first year @ 5% interest on Rs 6000 =




Amount payable @ the end of the first year = Rs 6000 + Rs 300 = Rs 6300
Amount paid @ the end of the first year = Rs 1200
Therefore, Principal for the second year = Rs 6300 – Rs 1200 = Rs 5100

Interest payable @ the end of the second year @ 5% interest on Rs 5100 =




Amount payable @ the end of the second year = Rs 5100 + Rs 255 = Rs 5355
Amount paid @ the end of the second year = Rs 1200
Therefore, Principal for the third year = Rs 5355 – Rs 1200 = Rs 4155

Thus, the amount of loan outstanding at the beginning of the third year = Rs 4155.

26 comments:

  1. you post help full me nice article you write great stuff keep it up
    https://www.facebook.com/epsoninkcoupon

    epson ink coupon

    ReplyDelete
  2. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: urgentloan22@gmail.com

    ReplyDelete
  3. Hi, I really like your blog you’ve written very well. I must say you have lot of knowledge about this but I want to suggest you something that if you are looking for Loan Service Provider in India , there is one more website https://helpadya.com/india/Loans  www.helpadya.com.

    ReplyDelete
  4. XAT Application Form 2017 | XAT 2018 Online Registration Dates : . XLRI will conduct XAT 2017 exam In January 2018. In This exam about 1 lakh candidates will appear.

    ReplyDelete
  5. We are financial builders and we give out loan to everyone ranging from personal, commercial, business financial with our amounts ranging from min 2,000.00 to 1,000,000.00 with a fixed and very low interest rate of 3%. Do you want to own a company? Do you want to own a Home? Is Your Company having financial problem? Do you have a contract/project and need money to fund it? Apply for a financial today and get financed within 3-4 working days.
    Full Names:
    Country:
    State:
    Sex:
    Address:
    Age:
    Loan Amount Needed:
    Loan Duration:
    Loan Purpose:
    Phone Number:
    Mrs Rose Nicola
    General Consultant
    e-mail:financialstandardgroup@gmail.com
    Phone number :+1-323-628-3023 (Call/Whats app)

    ReplyDelete
  6. Do you need an urgent loan for business or to pay bills at 3% interest rate? We offer Personal Loan, Real Estate Loan, Business Loan and others to prospective individuals, companies, cooperate bodies as well as organizations. No matter your credits score ranging from $5000 dollars to $20,000,000.00 duration period of 1 to 30 years Please allow up to 12 hours after applying for a loan to be contacted Any interested person should contact us with the below information. Email Us: financialstandardgroup@gmail.com
    Tell: :+1-323-628-3023 (Call/Whats app)
    First Name:__________ Last Name:_________ Age:__________ Gender:__________ Address:____________ Country:_________ MARITAL STATUS:__________ OCCUPATION:__________ MONTHLY INCOME:__________ Mobil Number:__________ LOAN AMOUNT NEEDED:__________ Loan Amount Needed:__________ Loan Duration:__________ Purpose Of Loan:__________ Email Us: financialstandardgroup@gmail.com
    Tell: :+1-323-628-3023 (Call/Whats app)

    ReplyDelete
  7. Apply Now For A Personal Loan

    Get The Money You Need Today!
    * Fast Approval
    * Low Interest Rates
    * Any Loan Amount For Any Reason
    Personal Loan in Bangalore, Business Loan in Bangalore, Car Loan in Bangalore, Home Loan in Bangalore

    ReplyDelete
  8. GENUINE LOAN OFFER WITH 3% INTEREST RATE APPLY NOW
    Do you need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Contact Us At : housingfinance247@gmail.com
    Phone number:+919205467093

    ReplyDelete

  9. Do you need personal loan? Does your firm,company or industry need financial assistance? Do you need finance to start your business? Do you need finance to expand your business? We give out loan to interested individuals who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us at Email:flourishloancredite@gmail.com
    APPLICATION DETAILS
    Your Full Details:
    Full Name:
    Loan Amount Need:
    Loan Duration:
    Phone Number:
    Applied before?
    State:
    Monthly Income:
    Country:
    You are to send this to our Company Email;flourishloancredite@gmail.com

    ReplyDelete
  10. Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals-
    *Commercial finance
    *Personal finance
    *Business finance
    *Construction finance
    *Business finance And many More:
    and many more at 2% interest rate;
    Contact Us Via Email:bullsindia187@gmail.com

    ReplyDelete
  11. Do you need Finance?
    Are you looking for Finance?
    Are you looking for a money to enlarge your business?
    We help individuals and companies to obtain loan for business
    expanding and to setup a new business ranging any amount. Get a loan at affordable interest rate of 3%, Do you need this cash/loan for business and to clear your bills? Then send us an email now for more information contact us now via Email:maxcreditfinance@googlemail.com

    ReplyDelete
  12. I am a private loan lender which have all take to be a genuine lender i give out the best loan to my client at a very convenient rate.The interest rate of this loan is 3%.i give out loan to public and private individuals.the maximum amount i give out in this loan is $1,000,000.00 USD why the minimum amount i give out is 5000.for more information contact us email honestloan10@gmail.com
    Your Full Details:
    Full Name :………
    Country :………….
    state:………….
    Sex :………….
    Address............
    Tel :………….
    Occupation :……..
    Amount Required :…………
    Purpose of the Loan :……..
    Loan Duration :…………
    Phone Number :………
    Contact email:honestloan10@gmail.com
    Website.http://k7leai867.ulcraft.com/
    Whats app
    +919971369537

    ReplyDelete


  13. Do you need an urgent loan we offer worldwide loan to who in need of loan the business opportunity you having being looking for is here again. email us now at: fasterloanservice@gmail.com
    LOAN APPLICATION FORM
    1) Full Name:
    2) Gender:
    3) Loan Amount Needed:.
    4) Loan Duration:
    5) Country:
    6) Home Address:
    7) Mobile Number:
    8)Monthly Income:
    9)Occupation:
    )Which did you here about us.
    Emial;fasterloanservice@gmail.com
    Website.http://k7leai867.ulcraft.com/

    Best Regards.
    Whats app
    +919971369537

    ReplyDelete
  14. Good day to you all, i just want to share this with you friends, because am so happy now , finally i just got my loan from Mr Wilson if you are in any need of any type of loan you can contact him through this email (wilsononlineloanoffer@gmail.com)

    ReplyDelete
  15. Do you need Finance?
    Are you looking for Finance?
    Are you looking for finance to enlarge your business?
    We help individuals and companies to obtain finance for business
    expanding and to setup a new business ranging any amount. Get finance at affordable interest rate of 2%, Do you need this finance for business and to clear your bills? Then send us an email now for more information contact us now via Email: ibrahimfunds5@gmail.com

    ReplyDelete
  16. Hello friends,
    Do you want a cash loan today, there's only a company I can recommend for you where i got my loan of $10,000 from,
    Eco bank Loans Cooperate, here is their email address: (ecobankloanfinance@gmail.com)

    ReplyDelete
  17. Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals-
    *Commercial finance
    *Personal finance
    *Business finance
    *Construction finance
    *Business finance And many more at 3% interest rate;
    *Contact Us Via Email: springcoinfinanceitd@gmail.com,
    Dr.Morgan Jackson ...

    ReplyDelete
  18. Good day to you all, i just want to share this with you friends, because am so happy now , finally i just got my loan from Mr Wilson if you are in any need of any type of loan you can contact him through this email (wilsononlineloanoffer@gmail.com)

    ReplyDelete
  19. Good day to you all, i just want to share this with you friends, because am so happy now , finally i just got my loan from Mr Wilson if you are in any need of any type of loan you can contact him through this email (wilsononlineloanoffer@gmail.com)

    ReplyDelete
  20. Are you looking for a loan to clear off your dept and start up your
    own Business? have you being going all over yet not able to get a
    legit loan Company that will loan you? Here is your final solution, We
    can give you any amount you need provided you are going to pay back
    within the period of time given without any problem. Apply now and
    contact us for more details via email below.
    Full Name:................
    Loan Amount Needed:.
    Purpose of loan:.......
    Loan Duration:..
    Gender:.............
    Marital status:....
    Location:..........
    Home Address:..
    City:............
    Country:......
    Phone:..........
    Mobile / Cell:....
    Occupation:......
    Monthly Income:....
    Email:expressfirm6@gmail.com

    ReplyDelete
  21. Do you need a personal & business lender located in USA.I can help you with a loan you are looking for @ 2% interest rate,For Urgent Response Email: infosunloanservice24@gmail.com

    Do you need a personal & business or Investment funding, without stress and quick approval? If yes, contact us today as we are currently offering loans at superb interest rate at 2%. Our finance is secured and safe. Our customers happiness is our strength. loans from the tune of €5,000 -€1,000,000.00 USD Euro and Pounds, available now are Business, Personal, House, Travel and Student Loans Etc. For more info Send in detailed loan proposal(Loan amount and duration)

    Loan Officer.

    Best Regards

    Email; infosunloanservice24@gmail.com

    The required amount of the loan:
    Duration:
    country:
    State:
    Phone number
    Age

    Contact us today by e-mail: infosunloanservice24@gmail.com

    whatsapp contact +919738155308

    Monday-Saturday:7:30am-6:30pm {Processing time}.

    ReplyDelete
  22. Do you need a personal & business lender located in USA.I can help you with a loan you are looking for @ 2% interest rate,For Urgent Response Email: infosunloanservice24@gmail.com

    Do you need a personal & business or Investment funding, without stress and quick approval? If yes, contact us today as we are currently offering loans at superb interest rate at 2%. Our finance is secured and safe. Our customers happiness is our strength. loans from the tune of €5,000 -€1,000,000.00 USD Euro and Pounds, available now are Business, Personal, House, Travel and Student Loans Etc. For more info Send in detailed loan proposal(Loan amount and duration)

    Loan Officer.

    Best Regards

    Email; infosunloanservice24@gmail.com

    The required amount of the loan:
    Duration:
    country:
    State:
    Phone number
    Age

    Contact us today by e-mail: infosunloanservice24@gmail.com

    whatsapp contact +919738155308

    Monday-Saturday:7:30am-6:30pm {Processing time}.

    ReplyDelete


  23. HAPPY NEW YEAR 2018 TO YOU ALL OUR ESTEEMED CLIENTS FROM ALL OVER THE GLOBE !!!!

    WE AT THE AMEIR MILLER LOAN AGENCY WISHES YOU A HAPPY NEW YEAR AND A PROSPEROUS 2018 .

    DO YOU NEED AN URGENT LOAN FROM A LEGIT LOAN AGENCY WITH NO UPFRONT FEE FOR THIS NEW YEAR ?HAVE YOU BEEN SCAMMED BEFORE BY VARIOUS FAKE ONLINE LENDERS? DO YOU NEED A LENDER WITH THE FEAR OF GOD AND ACCURATE EXPERTISE TO HANDLE YOUR FINANCIAL WORRIES ? IF YES , YOUR ANSWER COMES NOW !


    This is the beginning of the new year of year and we have a special offer package for those who are in dire need of monies to sort our their bills and immediate expenses for this new year as this package is specially designed at an affordable interest rate of %2.5 percent in order to favor all those who are looking to get an affordable but a guaranteed loan this season as we are transparent enough to finalize and grant this loan to you within 48 processing working hours from your application time .

    We have various kinds of loan offer programs which ranges from Business loan service, . Agricultural product loans , Building loans, Developmental loans , .Health care loans , Debt consolidation loans , Bills clearance loans , General Business/Merchant loan,Military Personnel loan. ,Estate developmental loan.,Property loan. ,Educational loan.,Family loan , Personal loan Or Group loan ,Unsecured loan .,Travelling / Mobility loan .,Ceremony loan.

    You can reach us on the following contact information for further inquiries on our loan program , text our office at : +1 252-585-5014

    info@ameirmiller.com , ameirmillerapprovedloans@usa.com , ameirmillerclassicloaninstitute@yahoo.com ,
    theameirmillerloanorganisation@gmail.com , theameirmillerfinancialoffice@gmail.com
    ameirmillerfinancialinstitute@gmail.com WEBSITE : www.ameirmiller.com


    Warm Regards,

    Pastor Mrs Ameir Miller
    Director of General Operations .


    ReplyDelete
  24. HAPPY NEW YEAR 2018 TO YOU ALL OUR ESTEEMED CLIENTS FROM ALL OVER THE GLOBE !!!!

    WE AT THE AMEIR MILLER LOAN AGENCY WISHES YOU A HAPPY NEW YEAR AND A PROSPEROUS 2018 .

    DO YOU NEED AN URGENT LOAN FROM A LEGIT LOAN AGENCY WITH NO UPFRONT FEE FOR THIS NEW YEAR ?HAVE YOU BEEN SCAMMED BEFORE BY VARIOUS FAKE ONLINE LENDERS? DO YOU NEED A LENDER WITH THE FEAR OF GOD AND ACCURATE EXPERTISE TO HANDLE YOUR FINANCIAL WORRIES ? IF YES , YOUR ANSWER COMES NOW !


    This is the beginning of the new year of year and we have a special offer package for those who are in dire need of monies to sort our their bills and immediate expenses for this new year as this package is specially designed at an affordable interest rate of %2.5 percent in order to favor all those who are looking to get an affordable but a guaranteed loan this season as we are transparent enough to finalize and grant this loan to you within 48 processing working hours from your application time .

    We have various kinds of loan offer programs which ranges from Business loan service, . Agricultural product loans , Building loans, Developmental loans , .Health care loans , Debt consolidation loans , Bills clearance loans , General Business/Merchant loan,Military Personnel loan. ,Estate developmental loan.,Property loan. ,Educational loan.,Family loan , Personal loan Or Group loan ,Unsecured loan .,Travelling / Mobility loan .,Ceremony loan.

    You can reach us on the following contact information for further inquiries on our loan program , text our office at : +1 252-585-5014

    info@ameirmiller.com , ameirmillerapprovedloans@usa.com , ameirmillerclassicloaninstitute@yahoo.com ,
    theameirmillerloanorganisation@gmail.com , theameirmillerfinancialoffice@gmail.com
    ameirmillerfinancialinstitute@gmail.com WEBSITE : www.ameirmiller.com


    Warm Regards,

    Pastor Mrs Ameir Miller
    Director of General Operations .

    ReplyDelete
  25. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: (urgentloan22@gmail.com)

    ReplyDelete
  26. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    ReplyDelete