Q:

A) 15612.50 | B) 14612.50 |

C) 13612.50 | D) 17612.50 |

Answer: A) 15612.50

Explanation:

Explanation:

We have P = 15 000, r = 0.07 and since the actual date the loan was taken out

is not given, we use t =7/12

I = Prt=$15 000* 0.07* 7/12 = $612.50

Amount repaid = Future or accumulated value,

S = P + I = $15 000 + $612.50 = $15 612.50

1
259

0
196

1
192

Q:

A) Rs.1,860 | B) Rs.1,800 |

C) Rs.1,980 | D) Rs.2,000 |

0
228

3
185

2
298

Q:

A) 40000, 20000 | B) 48000, 12000 |

C) 36000, 24000 | D) 32000, 28000 |

0
356

1
297