Please enter the following details
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.
Instead of taking a loan of Rs. 10,00,000 with o repayment period of 15 years, the society proposesto take a loan of Rs. 15,00,000 to be paid back in 10 years to provide for a generator set. What is the cumulative financial impact ?
Amount to be repaid while taking a loan of Rs. 10,00,000 with o repayment period of 15 years
= $$10300\times15\times12=Rs.$$ $$18,54,000$$
Amount to be repaid while taking a loan of Rs. 15,00,000 with o repayment period of 10 years
= $$19400\times10\times12=Rs.$$ $$23,28,000$$
$$\therefore$$ Cumulative financial impact = $$Rs.$$ $$(23,28,000-18,54,000)= Rs.$$ $$4,74,000$$
=> Ans - (B)
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
