CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Quantitative Aptitude

Simple Interest & Compound Interest

Which of the ...

Question

Which of the following best explains 'Structure of loan repayment' in the context of the first question asked to the author?

A

Higher interest rate

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Payment on weekly basis

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Giving loan without assessing ability to pay

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Method of dealing with defaults

No worries! We‘ve got your back. Try BYJU‘S free classes today!

E

Total amount of loan

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Payment on weekly basis
'Payment on weekly basis' best explains 'Structure of loan repayment' in the context of the first question asked to the author.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Match the following repayment amounts with their interests for the loan of ₹1000.

Q. Loan is the money you receive from a bank or financial institution in exchange for a commitment to repay the borrowed amount with interest.

Q. ABC Ltd. took a loan of Rs. 50 lac from a Bank for its growth and expansion plans. The company was unable to repay because of heavy losses. The company asked its shareholders to come forward and contribute towards repayment of loan. The shareholders refused as they had already paid the full amount due on their shares. Bank filed a case against ABC Ltd. The court said that company could not call shareholders to repay loan as they have no unpaid amount of shares. It was the duty of ABC Ltd. to use company's assets to repay loan.
(a) In the above case what kind of liability is enjoyed by the shareholders of ABC Ltd.?
(b) Which feature of company protected shareholders, i.e., owner of business not to pay?

Additional amount which has to be returned along with the repayment of a loan is called the

Q. Mr. A took a loan of Rs. 1 lakh from a bank which charges 10% p.a. compound interest on the decreasing amount. He wants to pay the entire loan including the interests in two equal annual instalments starting from the end of the first year. Find the amount of each instalment.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Simple Interest and Compound Interest

QUANTITATIVE APTITUDE

Watch in App

explore_more_icon

Explore more

Simple Interest & Compound Interest

Other Quantitative Aptitude

Join BYJU'S Learning Program

CrossIcon