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A moneylender lent $2000 to Ricky with the condition that Ricky will pay back 5 percent of this amount every half year. Till Ricky repaid the original loan amount (principal) completely, the moneylender charged an interest equal to 5 percent per quarter on the original loan amount. Ricky always made interest payments and principal repayments on time. (For example, at the end of the first quarter, Ricky paid the moneylender 5 percent of $2000 as interest and at the end of 6 months, Ricky paid the money lender 5 percent of $2000 as interest and 5 percent of $2000 as principal repayment). What was the total amount in dollars that Ricky paid to the moneylender?a)2000b)4000c)5000d)6000e)8000Correct answer is option 'D'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about A moneylender lent $2000 to Ricky with the condition that Ricky will pay back 5 percent of this amount every half year. Till Ricky repaid the original loan amount (principal) completely, the moneylender charged an interest equal to 5 percent per quarter on the original loan amount. Ricky always made interest payments and principal repayments on time. (For example, at the end of the first quarter, Ricky paid the moneylender 5 percent of $2000 as interest and at the end of 6 months, Ricky paid the money lender 5 percent of $2000 as interest and 5 percent of $2000 as principal repayment). What was the total amount in dollars that Ricky paid to the moneylender?a)2000b)4000c)5000d)6000e)8000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A moneylender lent $2000 to Ricky with the condition that Ricky will pay back 5 percent of this amount every half year. Till Ricky repaid the original loan amount (principal) completely, the moneylender charged an interest equal to 5 percent per quarter on the original loan amount. Ricky always made interest payments and principal repayments on time. (For example, at the end of the first quarter, Ricky paid the moneylender 5 percent of $2000 as interest and at the end of 6 months, Ricky paid the money lender 5 percent of $2000 as interest and 5 percent of $2000 as principal repayment). What was the total amount in dollars that Ricky paid to the moneylender?a)2000b)4000c)5000d)6000e)8000Correct answer is option 'D'. Can you explain this answer?.

Solutions for A moneylender lent $2000 to Ricky with the condition that Ricky will pay back 5 percent of this amount every half year. Till Ricky repaid the original loan amount (principal) completely, the moneylender charged an interest equal to 5 percent per quarter on the original loan amount. Ricky always made interest payments and principal repayments on time. (For example, at the end of the first quarter, Ricky paid the moneylender 5 percent of $2000 as interest and at the end of 6 months, Ricky paid the money lender 5 percent of $2000 as interest and 5 percent of $2000 as principal repayment). What was the total amount in dollars that Ricky paid to the moneylender?a)2000b)4000c)5000d)6000e)8000Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of A moneylender lent $2000 to Ricky with the condition that Ricky will pay back 5 percent of this amount every half year. Till Ricky repaid the original loan amount (principal) completely, the moneylender charged an interest equal to 5 percent per quarter on the original loan amount. Ricky always made interest payments and principal repayments on time. (For example, at the end of the first quarter, Ricky paid the moneylender 5 percent of $2000 as interest and at the end of 6 months, Ricky paid the money lender 5 percent of $2000 as interest and 5 percent of $2000 as principal repayment). What was the total amount in dollars that Ricky paid to the moneylender?a)2000b)4000c)5000d)6000e)8000Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A moneylender lent $2000 to Ricky with the condition that Ricky will pay back 5 percent of this amount every half year. Till Ricky repaid the original loan amount (principal) completely, the moneylender charged an interest equal to 5 percent per quarter on the original loan amount. Ricky always made interest payments and principal repayments on time. (For example, at the end of the first quarter, Ricky paid the moneylender 5 percent of $2000 as interest and at the end of 6 months, Ricky paid the money lender 5 percent of $2000 as interest and 5 percent of $2000 as principal repayment). What was the total amount in dollars that Ricky paid to the moneylender?a)2000b)4000c)5000d)6000e)8000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for A moneylender lent $2000 to Ricky with the condition that Ricky will pay back 5 percent of this amount every half year. Till Ricky repaid the original loan amount (principal) completely, the moneylender charged an interest equal to 5 percent per quarter on the original loan amount. Ricky always made interest payments and principal repayments on time. (For example, at the end of the first quarter, Ricky paid the moneylender 5 percent of $2000 as interest and at the end of 6 months, Ricky paid the money lender 5 percent of $2000 as interest and 5 percent of $2000 as principal repayment). What was the total amount in dollars that Ricky paid to the moneylender?a)2000b)4000c)5000d)6000e)8000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of A moneylender lent $2000 to Ricky with the condition that Ricky will pay back 5 percent of this amount every half year. Till Ricky repaid the original loan amount (principal) completely, the moneylender charged an interest equal to 5 percent per quarter on the original loan amount. Ricky always made interest payments and principal repayments on time. (For example, at the end of the first quarter, Ricky paid the moneylender 5 percent of $2000 as interest and at the end of 6 months, Ricky paid the money lender 5 percent of $2000 as interest and 5 percent of $2000 as principal repayment). What was the total amount in dollars that Ricky paid to the moneylender?a)2000b)4000c)5000d)6000e)8000Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A moneylender lent $2000 to Ricky with the condition that Ricky will pay back 5 percent of this amount every half year. Till Ricky repaid the original loan amount (principal) completely, the moneylender charged an interest equal to 5 percent per quarter on the original loan amount. Ricky always made interest payments and principal repayments on time. (For example, at the end of the first quarter, Ricky paid the moneylender 5 percent of $2000 as interest and at the end of 6 months, Ricky paid the money lender 5 percent of $2000 as interest and 5 percent of $2000 as principal repayment). What was the total amount in dollars that Ricky paid to the moneylender?a)2000b)4000c)5000d)6000e)8000Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice GMAT tests.