Rahul takes a loan of Rs.3.2 lakhs for his business for a period of 2 years. He wishes to pay the amount in 2 equal instalments, at the end of the first year and at the end of the second year. The future value of both the instalments combined, at the end of the second year is Rs.5 lacs. What approximate percentage of amount did he save while paying in instalments as compared to the condition where he would have paid all the amount at the end of 2 years.

A man owes Rs. 800 dues in 2 years without interest and Rs. 300 dues in 9 years with a 6% annual effectiverate of interest. He wishes to pay these debts in two equal installments due 4 and 5 years hence, respectively. If money is worth 4% converted semiannually, how much should each instalment be?

The ratio of income in two consecutive years is 2: 3 respectively. The ratio of their expenditure is 5: 9. Income of second-year is Rs 45000 and Expenditure of first-year is Rs 25000. Find the Savings in both years together.

Select the correct answerA person takes a loan of Rs. 200 at 5% simple interest on the outstanding amount. He returns Rs. 100 at the end of one year. In order to clear his due at the end of 2 years, he would pay:

A man borrowed a certain sum of money at the rate of 6 % per annum for the first two years, 9% per annum for the next three years, and 14% per annum for the period beyond 5 years. If he pays a total interest of Rs. 22,800 at the end of 9 years, find the amount he borrowed.

Paresh lends Rs. 8 lakhs to a client at an interest rate of 10% per annum, compounded half-yearly. The client repays Rs. 42,000 at the end of the first year, Rs. 66,100 at the end of the second year and closes the loan by paying the outstanding amount at the end of the third year. What is the total interest (in Rs.) earned by Paresh over the three years?1)  2,47,2502)  1,87,2503)  2,75,5004)  2,56,250