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Mr Kunal Dwivcdi wants to buy a motorbike which is priced at Rs 45.500. The bike is also available at Rs 25,000 down payment and monthly installments of Rs 1000 per month for 2 years or Rs 18,000 down payment and monthly installment of Rs 1000 per month for 3 years. Mr Kunal has w ith him only Rs 12,000. He wants to borrow the balance money of the down payment from a private lender whose terms are: If Rs 6,000 is borrow ed for 12 months, the rate o f interest is 20 per cent. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of Rs 600 per month for 12 months to repay Rs 6000 (Principal) + Rs 1200 (Interest @ 20 per cent).If Rs 10,000 upwards is borrowed for one year, the rate of interest is 30 per cent and is calculated in exactly the same manner as above.Q.What is the percentage di fference in the total amount paid to the bike dealer, between the two installment schem es (with respect to the total payment o f the scheme with Rs 25,000 down payment)?a)10.2%b)13.5%c)11.4%d)None of theseCorrect answer is option 'A'. Can you explain this answer? for LR 2024 is part of LR preparation. The Question and answers have been prepared according to the LR exam syllabus. Information about Mr Kunal Dwivcdi wants to buy a motorbike which is priced at Rs 45.500. The bike is also available at Rs 25,000 down payment and monthly installments of Rs 1000 per month for 2 years or Rs 18,000 down payment and monthly installment of Rs 1000 per month for 3 years. Mr Kunal has w ith him only Rs 12,000. He wants to borrow the balance money of the down payment from a private lender whose terms are: If Rs 6,000 is borrow ed for 12 months, the rate o f interest is 20 per cent. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of Rs 600 per month for 12 months to repay Rs 6000 (Principal) + Rs 1200 (Interest @ 20 per cent).If Rs 10,000 upwards is borrowed for one year, the rate of interest is 30 per cent and is calculated in exactly the same manner as above.Q.What is the percentage di fference in the total amount paid to the bike dealer, between the two installment schem es (with respect to the total payment o f the scheme with Rs 25,000 down payment)?a)10.2%b)13.5%c)11.4%d)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for LR 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr Kunal Dwivcdi wants to buy a motorbike which is priced at Rs 45.500. The bike is also available at Rs 25,000 down payment and monthly installments of Rs 1000 per month for 2 years or Rs 18,000 down payment and monthly installment of Rs 1000 per month for 3 years. Mr Kunal has w ith him only Rs 12,000. He wants to borrow the balance money of the down payment from a private lender whose terms are: If Rs 6,000 is borrow ed for 12 months, the rate o f interest is 20 per cent. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of Rs 600 per month for 12 months to repay Rs 6000 (Principal) + Rs 1200 (Interest @ 20 per cent).If Rs 10,000 upwards is borrowed for one year, the rate of interest is 30 per cent and is calculated in exactly the same manner as above.Q.What is the percentage di fference in the total amount paid to the bike dealer, between the two installment schem es (with respect to the total payment o f the scheme with Rs 25,000 down payment)?a)10.2%b)13.5%c)11.4%d)None of theseCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Mr Kunal Dwivcdi wants to buy a motorbike which is priced at Rs 45.500. The bike is also available at Rs 25,000 down payment and monthly installments of Rs 1000 per month for 2 years or Rs 18,000 down payment and monthly installment of Rs 1000 per month for 3 years. Mr Kunal has w ith him only Rs 12,000. He wants to borrow the balance money of the down payment from a private lender whose terms are: If Rs 6,000 is borrow ed for 12 months, the rate o f interest is 20 per cent. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of Rs 600 per month for 12 months to repay Rs 6000 (Principal) + Rs 1200 (Interest @ 20 per cent).If Rs 10,000 upwards is borrowed for one year, the rate of interest is 30 per cent and is calculated in exactly the same manner as above.Q.What is the percentage di fference in the total amount paid to the bike dealer, between the two installment schem es (with respect to the total payment o f the scheme with Rs 25,000 down payment)?a)10.2%b)13.5%c)11.4%d)None of theseCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for LR. Download more important topics, notes, lectures and mock test series for LR Exam by signing up for free.

Here you can find the meaning of Mr Kunal Dwivcdi wants to buy a motorbike which is priced at Rs 45.500. The bike is also available at Rs 25,000 down payment and monthly installments of Rs 1000 per month for 2 years or Rs 18,000 down payment and monthly installment of Rs 1000 per month for 3 years. Mr Kunal has w ith him only Rs 12,000. He wants to borrow the balance money of the down payment from a private lender whose terms are: If Rs 6,000 is borrow ed for 12 months, the rate o f interest is 20 per cent. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of Rs 600 per month for 12 months to repay Rs 6000 (Principal) + Rs 1200 (Interest @ 20 per cent).If Rs 10,000 upwards is borrowed for one year, the rate of interest is 30 per cent and is calculated in exactly the same manner as above.Q.What is the percentage di fference in the total amount paid to the bike dealer, between the two installment schem es (with respect to the total payment o f the scheme with Rs 25,000 down payment)?a)10.2%b)13.5%c)11.4%d)None of theseCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Mr Kunal Dwivcdi wants to buy a motorbike which is priced at Rs 45.500. The bike is also available at Rs 25,000 down payment and monthly installments of Rs 1000 per month for 2 years or Rs 18,000 down payment and monthly installment of Rs 1000 per month for 3 years. Mr Kunal has w ith him only Rs 12,000. He wants to borrow the balance money of the down payment from a private lender whose terms are: If Rs 6,000 is borrow ed for 12 months, the rate o f interest is 20 per cent. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of Rs 600 per month for 12 months to repay Rs 6000 (Principal) + Rs 1200 (Interest @ 20 per cent).If Rs 10,000 upwards is borrowed for one year, the rate of interest is 30 per cent and is calculated in exactly the same manner as above.Q.What is the percentage di fference in the total amount paid to the bike dealer, between the two installment schem es (with respect to the total payment o f the scheme with Rs 25,000 down payment)?a)10.2%b)13.5%c)11.4%d)None of theseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Mr Kunal Dwivcdi wants to buy a motorbike which is priced at Rs 45.500. The bike is also available at Rs 25,000 down payment and monthly installments of Rs 1000 per month for 2 years or Rs 18,000 down payment and monthly installment of Rs 1000 per month for 3 years. Mr Kunal has w ith him only Rs 12,000. He wants to borrow the balance money of the down payment from a private lender whose terms are: If Rs 6,000 is borrow ed for 12 months, the rate o f interest is 20 per cent. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of Rs 600 per month for 12 months to repay Rs 6000 (Principal) + Rs 1200 (Interest @ 20 per cent).If Rs 10,000 upwards is borrowed for one year, the rate of interest is 30 per cent and is calculated in exactly the same manner as above.Q.What is the percentage di fference in the total amount paid to the bike dealer, between the two installment schem es (with respect to the total payment o f the scheme with Rs 25,000 down payment)?a)10.2%b)13.5%c)11.4%d)None of theseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Mr Kunal Dwivcdi wants to buy a motorbike which is priced at Rs 45.500. The bike is also available at Rs 25,000 down payment and monthly installments of Rs 1000 per month for 2 years or Rs 18,000 down payment and monthly installment of Rs 1000 per month for 3 years. Mr Kunal has w ith him only Rs 12,000. He wants to borrow the balance money of the down payment from a private lender whose terms are: If Rs 6,000 is borrow ed for 12 months, the rate o f interest is 20 per cent. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of Rs 600 per month for 12 months to repay Rs 6000 (Principal) + Rs 1200 (Interest @ 20 per cent).If Rs 10,000 upwards is borrowed for one year, the rate of interest is 30 per cent and is calculated in exactly the same manner as above.Q.What is the percentage di fference in the total amount paid to the bike dealer, between the two installment schem es (with respect to the total payment o f the scheme with Rs 25,000 down payment)?a)10.2%b)13.5%c)11.4%d)None of theseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Mr Kunal Dwivcdi wants to buy a motorbike which is priced at Rs 45.500. The bike is also available at Rs 25,000 down payment and monthly installments of Rs 1000 per month for 2 years or Rs 18,000 down payment and monthly installment of Rs 1000 per month for 3 years. Mr Kunal has w ith him only Rs 12,000. He wants to borrow the balance money of the down payment from a private lender whose terms are: If Rs 6,000 is borrow ed for 12 months, the rate o f interest is 20 per cent. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of Rs 600 per month for 12 months to repay Rs 6000 (Principal) + Rs 1200 (Interest @ 20 per cent).If Rs 10,000 upwards is borrowed for one year, the rate of interest is 30 per cent and is calculated in exactly the same manner as above.Q.What is the percentage di fference in the total amount paid to the bike dealer, between the two installment schem es (with respect to the total payment o f the scheme with Rs 25,000 down payment)?a)10.2%b)13.5%c)11.4%d)None of theseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice LR tests.