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FrozenDragon
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Hello WA@llb6070 please go through this link : gmat-club-weekly-study-plan-week-454986.html

We are following the plan outlined on this page, though it doesn’t have to be followed strictly—you can adjust things as needed. If you have any specific questions or doubts, please feel free to let us know.
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WA@llb6070
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Hi
Anyone of us planning for the exam in April?
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Quote:

Hi
Anyone of us planning for the exam in April?
Hey, yes me🤚
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Hi anyone here planning to give in may/june
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Hey guys,
Anyone looking for a study partner in DELHI/GURGAON ? looking to connect if you are planning the exam in the next quarter.
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Quote:

Thanks - will add
I will also be appearing towards late March/ early April. Could you please add me as well?
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Hi guys, forming a separate group is going to defeat the purpose of this group. Since this group was formed specifically for those who are planning to take a test in May/June, kindly don't promote creating a subgroup. Go through the pinned message and leverage its benefits.

Thanks
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if you can share how you arrived at 20000, we can discuss where you went wrong
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WA@wkp5999
Hi, need clarification in this question. If the question says simple interest, then why are we including interest on interest in second year? According to me 20000 should be the answer
It may help if you see it as a sequence of events. As question states- Initially, the interest was at 6% . After 1 year, 6800 was paid out. Then the remaining amount (Initial amount+ Interest of 1st year - 6800) was calculated at 5%. It never says that SI for two years.

WA@wkp5999
Let amount be P
Interest for first year is 0.06P
Interest for second year is 0.05(P-6800)
Upon solving this equation
0.05(P-6800)=0.55*0.06P, we get p as 20000
Interest for 2nd year will be calculated on the total amount left after 1st year i.e. (P+0.06P-6800). You have not added the 1st year interest to it.
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