# CAT 2018 Quant Questions

Question:
John borrowed Rs. 2,10,000 from a bank at an interest rate of 10% per annum, compounded annually. The loan was repaid in two equal instalments, the first after one year and the second after another year. The ?rst instalment was interest of one year plus part of the principal amount, while the second was the rest of the principal amount plus due interest thereon. Then each instalment, in Rs., is

Let each instalment be ₹x. Equating the present value of both the instalments to the money borrowed,
$\frac{x}{1.1}+\frac{x}{1.1^{2}}=210000$
x=121000

Get one day FREE Trial of CAT online Full course
Also Check: 841+ CAT Quant Questions with Solutions

#### CAT Quant Online Course

• 1000+ Practice Problems
• Detailed Theory of Every Topics
• Online Live Sessions for Doubt Clearing
• All Problems with Video Solutions

CAT 2018 Questions Paper with Solution PDF

## CAT 2018 Quant Questions with Solutions

#### CAT 2018 Slot-2

CAT 2018 Quant Questions
4.9 (97%) 20 vote[s]