Loan

IMPORTANT

Loan: Overview

This Topic covers sub-topics such as Loan, Principal Amount of a Loan, Repayment Amount of a Loan, Need for Loan to Start a Business and, Repayment Modes of a Loan

Important Questions on Loan

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Rajesh took a loan of 35,000. She paid 5000 as interest along with loan amount after one year. The repayment amount of loan is .

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Vimala took a loan of 45,000. She paid 5000 as interest along with loan amount after one year. The repayment amount of loan is .

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Jaya took a loan of 23,000. She paid 3000 as interest along with loan amount after one year. The repayment amount of loan is .

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Anwith took a loan from a bank. he paid 51,500 including the interest of 11,500 after an year. The amount taken as loan is _____.

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Satish took a loan from a bank. he paid 21,500 including the interest of 1500 after an year. The amount taken as loan is _____.

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A loan has to be repaid along with an extra amount of money

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What is Loan?

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IMPORTANT

A sum of  8400 was taken as a loan.This is to be repaid in to two equal annual installments.If the rate of interest is 20% compounded annually then find the value of each instalment ?

If the required answer is  k, then write the value of k in answer box. (Write the value of k is without decimal number in answer box)

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A sum of  5500 was taken as loan. This is to be paid back in two equal instalments. If the rate of interest is 20% per annum compounded annually, find the value of each instalment.

If the required answer is  k, then find the value of k.

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A loan of  2550 is to be paid back in two equal half-yearly installments. How much is each installment if the interest is compounded half-yearly at 8% p.a.?  _____

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A sum of  7500 is to be paid back in three equal annual installments. How much is each installment if the interest is compounded annually at 4% p.a.?

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You get a student loan from the New Mexico Educational Assistance Foundation to pay for your educational expenses this year. Find the interest on the loan if you borrowed $2000 at 8% for 1 year.

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Banks provide loan to an individual with no rate of interest.

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To start a mobile dog-grooming service, a woman borrowed $2500. If the loan was for two years and the amount of interest was $175, what simple interest rate was she charged?

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How long does it take a principal of 25000 dollars at a simple interest rate of 5% to become 30000 dollars?

If the required answer is k years, then find the value of k.

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John invested an principal amount of 37500  for one year at a interest of 8%. The Simple interest that he paid is _____.

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State whether the given statement is true or false.

Bunty paid amount of 7500 to the bank at the interest of 5% for the time period of 5 years. The amount that he took as a loan from the bank is 25000.

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Bunty paid amount of 5000 to the bank at the interest of 5% for the time period of 5 years. The amount that he took as a loan from the bank is k. Find the value of k.

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Raju wants to start up a sugarcane business. He had to17000 as his savings. He applied a loan of 25000. So, what is the total amount that he was required to start a business? _____

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_____ is important requirement to start a business.