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Thread: Simple & Compound interest problems (Guru level)

  1. #11
    Eager! sunilcyborg's Avatar
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    Answer 2) is Rs 5000

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    Eager! sunilcyborg's Avatar
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    Quote Originally Posted by MBAchase View Post
    Please check the comments

    All your answers are correct. I wanted to know how do answer the question in a shortest way possible.. Can you give me some tips

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    Eager! sunilcyborg's Avatar
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    MBAchase has got all the correct answers.. I apologize for the options of Ques 5) The correct answer is 6.09%

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    MBA chase can you please explain the answer for Question 5)

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    An Urch Guru Pundit Swami Sage 12rk34's Avatar
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    Heart

    SUNIL,
    Q5 is ambiguous since the question asks effective annual rate for 6% int. payable half yearly. So in percentage terms it should be = (1+.03)^2 - 1 = 0.609 = 6.09%
    You can't convert it into Rs. since no such amount is given.

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    Eager! sunilcyborg's Avatar
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    Thanks a lot.. Can i know ur name

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    Help Anyone!


    A watermelon weighs 5000gm, 99% of its weight is water. It is kept in a drying room and after some time it turns out that it is only 98% water by weight. What is its weight now?

    1) 2500 gm
    2) 4500 gm
    3) 4950 gm
    4) None of these

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    Help Anyone!


    A watermelon weighs 5000gm, 99% of its weight is water. It is kept in a drying room and after some time it turns out that it is only 98% water by weight. What is its weight now?

    1) 2500 gm
    2) 4500 gm
    3) 4950 gm
    4) None of these

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    1 more to go guys

    A man borrows Rs 1200 in order to buy a new house and agrees to pay back a fixed sum of Rs 300 at the end of each subsequent year, If compound interest is charged at the rate of 5% per year, how much remains to be paid off at the end of fourth year?

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    Quote Originally Posted by sunilcyborg View Post
    1 more to go guys

    A man borrows Rs 1200 in order to buy a new house and agrees to pay back a fixed sum of Rs 300 at the end of each subsequent year, If compound interest is charged at the rate of 5% per year, how much remains to be paid off at the end of fourth year?

    I waiting for your response guys

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