NinetynineCAT 2018 Slot 1 QA Q15 Interest
Question 15 of the Quantitative Ability (QA) section, CAT 2018 Slot 1, with CAT's official answer.
John borrowed Rs. 2,10,000 from a bank at an interest rate of 10% per annum, compounded annually. The loan was repaid in two equal instalments, the first after one year and the second after another year. The first instalment was interest of one year plus part of the principal amount, while the second was the rest of the principal amount plus due interest thereon. Then each instalment, in Rs., is:[TITA]
TITA: type in the answer. There are no options and no negative marking.
Answer: 121000 Interest TITA
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