Question 136
Mr.Khanna took a loan of Rs 10,000 on simple interest at the rate of 3% pa. The total amount that he will be paying as interest in 2 years is 3% of his monthly salary. What is his monthly salary ?
Solution
Simple interest = Principal * no. of years * rate of interest = 10,000*2*.03=600
Let his salary be x
.03x=600
x=20,000
Get AI Help
Create a FREE account and get:
- Banking Quant Shortcuts PDF
- Free Banking Study Material - (15000 Questions)
- 135+ Banking previous papers with solutions PDF
- 100+ Online Tests for Free
Book Free CAT Mentorship
Get personalized CAT strategy from a 99%iler
500+ students mentored
OTP Verification
Enter the 6-digit code sent to your phone
Booking Summary
Session:Free CAT Mentorship
Phone:
Date:
Time:
Enter OTP
Didn't receive the OTP?
