Bank PO Questions

i=j/m

n
=m(Term)
= 2(15.5)
=31

Fair market value
Present value of the face value

=FV(1+  i)^-n

An anti-lock braking system (ABS) is a safety anti-skid braking system used on aircraft and on land vehicles , such as cars, motorcycles, trucks and buses.

ABS is only on the front wheels and it can improve your ability and the stability of your car by keeping the front wheels from locking under severe braking it will allow the wheels to continue to roll so the car can stop straight and stop as safe and as soon as possible

Suppose that the original price of the car = Rs. x 

Then new price of the car

=> (x) + (x ×25/100) = Rs. 5x/4 

To restore the original price, the new price must be decreased by

5x/4 − x = x/4

So required percentage =(x/4)/(5x/4) × 100%

= 20%

Total repayment amount = $1600 + $368
= $1968
= $82

regular payment= total amount/number of repayments