Latest MBA Aptitude Question SOLUTION: Mr. Sharma took a car loan, such that he paid Rs. 50000 every year for the next three years. If the rate of interest is 10% compounded annually and he repaid the entire loan in thr

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(#M40014569) MBA question averages, percentages, profit loss and interest Keep an EYE

Mr. Sharma took a car loan, such that he paid Rs. 50000 every year for the next three years. If the rate of interest is 10% compounded annually and he repaid the entire loan in three years, then which among the given options gives the closest value of the amount (in Rs.) that he borrowed?

1) 130575
2) 124350
3) 110050
4) Cannot be determined

Asked In MBA (11 years ago)

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