Bank Exam
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Ajitha borrowed Rs. 240, interest free, from her parents to pay for her college education. If she pays back 2.5 percent of this amount quarterly, and has already paid Rs. 42.00, for how many months has she been paying back her loan?
1. 6
2. 7
3. 19
4. 21
Read Solution (Total 2)
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- 2.5% of this amount quarterly=Rs.6
she has already paid Rs. 42.00
let x be she been paying back her loan
x=42/6*3=21
answer is 21 month - 10 years agoHelpfull: Yes(2) No(0)
- 21 month will be answer as 2.5% of 240 is rs 6
she pays rs 6 for 3 months,12 for 6 months,.......42 for 21 months. - 10 years agoHelpfull: Yes(1) No(0)
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