CMAT 2025 Interest Question (Hard)

Question

Ravi took a loan from HDBC Bank for his 2-year MBA program at IIM. He took a loan of 6 lakh such that he would be charged at 8 per annum compound interest during his program and at 10 per annum compound interest after completion of the course. He returned half of the amount he had to pay on completi

Optima Learn · Accepted Answer

To find the total amount Ravi returned, we need to track the loan s growth in two phases and his two repayments. Understanding the setup 6 lakh at 8 CI for 2 years during the program , then the remaining balance at 10 CI for 2 more years, with half of the amount due at the end of the program paid im

CMAT 2025 Interest — Previous Year Question

CMAT 2025

Quantitative

Interest

Hard

Prepare for WAT & GD Like Never Before!

FEATURES

PRACTICE

FREE RESOURCES

MENTORSHIP