Latest MBA Aptitude Question SOLUTION: Akhil took a loan of र10,000 from Bharat at a simple interest rate of 10% per annum. Three people Pasha, Quadir and Robert approached him for a loan, offering to pay 7%, 8% an

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(#M40014129) MBA question averages, percentages, profit loss and interest Keep an EYE

Akhil took a loan of र10,000 from Bharat at a simple interest rate of 10% per annum. Three people Pasha, Quadir and Robert approached him for a loan, offering to pay 7%, 8% and 12% simple interest per annum respectively. Akhil lent the money in such a way that he will make a profit of 1% on the borrowed sum per year, what is the maximum possible sum that he might have lent to Robert?

1) 7000
2) 7500
3) 8000
4) 8500

Asked In MBA (11 years ago)

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