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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

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B

Payment on weekly basis

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C

Giving loan without assessing ability to pay

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D

Method of dealing with defaults

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E

Total amount of loan

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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.

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