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SBI lent Rs. 10,000 to Deepak @7% SI for 10 years. Mean while, the government implemented a scheme due to which interest rate reduced by 2%.By this Deepak paid Rs.16,000 in total. Then after how many years after Deepak took the loan, the government introduced the scheme?
  • a)
    3 Years
  • b)
    4 Years
  • c)
    5 years
  • d)
    6 years
  • e)
    Cannot be determined
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
SBI lent Rs. 10,000 to Deepak @7% SI for 10 years. Mean while, the gov...
Answer – 3. 5 years Explanation : 6000 = 10000(7*x+5*(10-x))/100 x = 5
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Community Answer
SBI lent Rs. 10,000 to Deepak @7% SI for 10 years. Mean while, the gov...
Interest for 5 years @7% = 3500
For the rest 5 yrs    @5% = 2500
                                         + ____
                                            6000 + 10000= 16000 
p.s. We found out the answer by using h.c.f., which was 35

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SBI lent Rs. 10,000 to Deepak @7% SI for 10 years. Mean while, the government implemented a scheme due to which interest rate reduced by 2%.By this Deepak paid Rs.16,000 in total. Then after how many years after Deepak took the loan, the government introduced the scheme?a)3 Yearsb)4 Yearsc)5 yearsd)6 yearse)Cannot be determinedCorrect answer is option 'C'. Can you explain this answer?
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SBI lent Rs. 10,000 to Deepak @7% SI for 10 years. Mean while, the government implemented a scheme due to which interest rate reduced by 2%.By this Deepak paid Rs.16,000 in total. Then after how many years after Deepak took the loan, the government introduced the scheme?a)3 Yearsb)4 Yearsc)5 yearsd)6 yearse)Cannot be determinedCorrect answer is option 'C'. Can you explain this answer? for Quant 2025 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about SBI lent Rs. 10,000 to Deepak @7% SI for 10 years. Mean while, the government implemented a scheme due to which interest rate reduced by 2%.By this Deepak paid Rs.16,000 in total. Then after how many years after Deepak took the loan, the government introduced the scheme?a)3 Yearsb)4 Yearsc)5 yearsd)6 yearse)Cannot be determinedCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for SBI lent Rs. 10,000 to Deepak @7% SI for 10 years. Mean while, the government implemented a scheme due to which interest rate reduced by 2%.By this Deepak paid Rs.16,000 in total. Then after how many years after Deepak took the loan, the government introduced the scheme?a)3 Yearsb)4 Yearsc)5 yearsd)6 yearse)Cannot be determinedCorrect answer is option 'C'. Can you explain this answer?.
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