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31 May 2024, 06:25
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P: 100,000
I: 10,000
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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Pristine took an education loan for her MBA from bank at 5% rate of interest for a period of two years.
If the loan amount in $ was P and the interest paid in $ was I, select values for P and I that are consistent with the given information. Make only two selections, one in each column.
If the loan amount in $ was P and the interest paid in $ was I, select values for P and I that are consistent with the given information. Make only two selections, one in each column.
| P | I | |
| 10,000 | ||
| 12,000 | ||
| 15,000 | ||
| 20,000 | ||
| 50,000 | ||
| 100,000 |
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Official Answer
P: 100,000
I: 10,000
16 Jun 2024, 06:05
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Just a bit of observation as lowest value starts from 10,000 so considering that as Interest for two years @5% we get P = 100,000.
Bingo!
P - 100,000
I - 10,000
Bingo!
P - 100,000
I - 10,000
