SSC CGL Model Paper 3

Question : 74 of 100

Marks: +1, -0

Jack took some loan from a bank at the rate of 8% Cl per annum & he repaid the whole amount of the loan by paying Rs. 50,000 & Rs. 62,640 at the end of first year & second year respectively. The sum of loan is

1,50,000
50,000
1,00,000
1,50,000

Validate

Solution:

(x×27/25-50000)27/25=62,640

x×729/625-54000=62640

x=625/729×116640=Rs.1,00,000

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