Instructions

Answer these questions based on the data given in the following table. The table shows the installment amounts for monthly repayments (in Rupees) on housing society loans for different periods.

Question 86

What is the total amount repaid over 25 years on a loan of Rs. 15,00,000?

Solution

Amount to be repaid while taking a loan of Rs. 15,00,000 with a repayment period of 25 years

= $$12650\times25\times12=Rs.$$ $$37,95,000$$

=> Ans - (B)

Share on Whatsapp Share on Whatsapp

Create a FREE account and get:

All Quant Formulas and Shortcuts PDF
100+ previous papers with solutions PDF
Top 5000+ MBA exam Solved Questions for Free

MAT 2003 Question Paper

What is the total amount repaid over 25 years on a loan of Rs. 15,00,000?

Login to your Cracku account

Hello! 👋

Ready to Unlock Your Success?

Please Enter Your OTP

Please enter the following details

Create a free Cracku account

Get Started with 5000+ Free CAT Questions & Mock Tests with Detailed Solutions!