A newly launched small and medium enterprise (SME) company is seeking a loan to support its new project. The company has received loan proposals from two different banks. As per the proposal from Bank A, the company will be provided with an amount of $250,000 at a simple interest rate of 5% per year. The repayment will be made in 12 equal monthly installments, which will include both the principal amount and the interest.On the other hand, Bank B has offered to provide 125% of the amount proposed by Bank A, with a simple interest rate of 4%. The repayment will also be made in 12 equal monthly installments, including both the principal and the interest.In the table below, select in column 1 the remaining amount to be paid after six payments, as per the proposal of Bank A, and in column 2 the remaining amount to be paid after nine payments, as per the proposal of Bank B:a)$ 131,250, $ 81,250b)$ 162,500, $ 81,250c)$ 243,750 $ 130, 800d)$ 131,250, $196,875e)$ 131,250, $243,750Correct answer is option 'A'. Can you explain this answer?

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A newly launched small and medium enterprise (SME) company is seeking a loan to support its new project. The company has received loan proposals from two different banks. As per the proposal from Bank A, the company will be provided with an amount of $250,000 at a simple interest rate of 5% per year. The repayment will be made in 12 equal monthly installments, which will include both the principal amount and the interest.
On the other hand, Bank B has offered to provide 125% of the amount proposed by Bank A, with a simple interest rate of 4%. The repayment will also be made in 12 equal monthly installments, including both the principal and the interest.
In the table below, select in column 1 the remaining amount to be paid after six payments, as per the proposal of Bank A, and in column 2 the remaining amount to be paid after nine payments, as per the proposal of Bank B:

a)
$ 131,250, $ 81,250
b)
$ 162,500, $ 81,250
c)
$ 243,750 $ 130, 800
d)
$ 131,250, $196,875
e)
$ 131,250, $243,750

Correct answer is option 'A'. Can you explain this answer?

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A newly launched small and medium enterprise (SME) company is seeking ...

Proposal of Bank A
Principal amount: 250,000
Annual interest rate: 5%
Annual interest amount: (5/100)*250,000=12,500
Total amount to repay: 250,000+12,500 = 262,500
Installment = 262,500/12 = 21,875
Amount to repay after six months = 262,500-131,250= 131,250

Proposal of Bank B
Principal amount: 125% of the amount proposed by the bank A = 250,000*125%= 312,500
Annual interest rate: 4%
Annual interest amount: (4/100)*312,500=12,500
Total amount to repay: 312,500+12,500 = 325,000
Installment = 325,000/12 = 27,083.33
Amount to repay after nine months = 325,000-243,750= 81,250

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A newly launched small and medium enterprise (SME) company is seeking a loan to support its new project. The company has received loan proposals from two different banks. As per the proposal from Bank A, the company will be provided with an amount of $250,000 at a simple interest rate of 5% per year. The repayment will be made in 12 equal monthly installments, which will include both the principal amount and the interest.On the other hand, Bank B has offered to provide 125% of the amount proposed by Bank A, with a simple interest rate of 4%. The repayment will also be made in 12 equal monthly installments, including both the principal and the interest.In the table below, select in column 1 the remaining amount to be paid after six payments, as per the proposal of Bank A, and in column 2 the remaining amount to be paid after nine payments, as per the proposal of Bank B:a)$ 131,250, $ 81,250b)$ 162,500, $ 81,250c)$ 243,750 $ 130, 800d)$ 131,250, $196,875e)$ 131,250, $243,750Correct answer is option 'A'. Can you explain this answer?

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A newly launched small and medium enterprise (SME) company is seeking a loan to support its new project. The company has received loan proposals from two different banks. As per the proposal from Bank A, the company will be provided with an amount of $250,000 at a simple interest rate of 5% per year. The repayment will be made in 12 equal monthly installments, which will include both the principal amount and the interest.On the other hand, Bank B has offered to provide 125% of the amount proposed by Bank A, with a simple interest rate of 4%. The repayment will also be made in 12 equal monthly installments, including both the principal and the interest.In the table below, select in column 1 the remaining amount to be paid after six payments, as per the proposal of Bank A, and in column 2 the remaining amount to be paid after nine payments, as per the proposal of Bank B:a)$ 131,250, $ 81,250b)$ 162,500, $ 81,250c)$ 243,750 $ 130, 800d)$ 131,250, $196,875e)$ 131,250, $243,750Correct answer is option 'A'. 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 newly launched small and medium enterprise (SME) company is seeking a loan to support its new project. The company has received loan proposals from two different banks. As per the proposal from Bank A, the company will be provided with an amount of $250,000 at a simple interest rate of 5% per year. The repayment will be made in 12 equal monthly installments, which will include both the principal amount and the interest.On the other hand, Bank B has offered to provide 125% of the amount proposed by Bank A, with a simple interest rate of 4%. The repayment will also be made in 12 equal monthly installments, including both the principal and the interest.In the table below, select in column 1 the remaining amount to be paid after six payments, as per the proposal of Bank A, and in column 2 the remaining amount to be paid after nine payments, as per the proposal of Bank B:a)$ 131,250, $ 81,250b)$ 162,500, $ 81,250c)$ 243,750 $ 130, 800d)$ 131,250, $196,875e)$ 131,250, $243,750Correct answer is option 'A'. 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 newly launched small and medium enterprise (SME) company is seeking a loan to support its new project. The company has received loan proposals from two different banks. As per the proposal from Bank A, the company will be provided with an amount of $250,000 at a simple interest rate of 5% per year. The repayment will be made in 12 equal monthly installments, which will include both the principal amount and the interest.On the other hand, Bank B has offered to provide 125% of the amount proposed by Bank A, with a simple interest rate of 4%. The repayment will also be made in 12 equal monthly installments, including both the principal and the interest.In the table below, select in column 1 the remaining amount to be paid after six payments, as per the proposal of Bank A, and in column 2 the remaining amount to be paid after nine payments, as per the proposal of Bank B:a)$ 131,250, $ 81,250b)$ 162,500, $ 81,250c)$ 243,750 $ 130, 800d)$ 131,250, $196,875e)$ 131,250, $243,750Correct answer is option 'A'. Can you explain this answer?.

Solutions for A newly launched small and medium enterprise (SME) company is seeking a loan to support its new project. The company has received loan proposals from two different banks. As per the proposal from Bank A, the company will be provided with an amount of $250,000 at a simple interest rate of 5% per year. The repayment will be made in 12 equal monthly installments, which will include both the principal amount and the interest.On the other hand, Bank B has offered to provide 125% of the amount proposed by Bank A, with a simple interest rate of 4%. The repayment will also be made in 12 equal monthly installments, including both the principal and the interest.In the table below, select in column 1 the remaining amount to be paid after six payments, as per the proposal of Bank A, and in column 2 the remaining amount to be paid after nine payments, as per the proposal of Bank B:a)$ 131,250, $ 81,250b)$ 162,500, $ 81,250c)$ 243,750 $ 130, 800d)$ 131,250, $196,875e)$ 131,250, $243,750Correct answer is option 'A'. 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.

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The repayment will be made in 12 equal monthly installments, which will include both the principal amount and the interest.On the other hand, Bank B has offered to provide 125% of the amount proposed by Bank A, with a simple interest rate of 4%. The repayment will also be made in 12 equal monthly installments, including both the principal and the interest.In the table below, select in column 1 the remaining amount to be paid after six payments, as per the proposal of Bank A, and in column 2 the remaining amount to be paid after nine payments, as per the proposal of Bank B:a)$ 131,250, $ 81,250b)$ 162,500, $ 81,250c)$ 243,750 $ 130, 800d)$ 131,250, $196,875e)$ 131,250, $243,750Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A newly launched small and medium enterprise (SME) company is seeking a loan to support its new project. The company has received loan proposals from two different banks. As per the proposal from Bank A, the company will be provided with an amount of $250,000 at a simple interest rate of 5% per year. The repayment will be made in 12 equal monthly installments, which will include both the principal amount and the interest.On the other hand, Bank B has offered to provide 125% of the amount proposed by Bank A, with a simple interest rate of 4%. The repayment will also be made in 12 equal monthly installments, including both the principal and the interest.In the table below, select in column 1 the remaining amount to be paid after six payments, as per the proposal of Bank A, and in column 2 the remaining amount to be paid after nine payments, as per the proposal of Bank B:a)$ 131,250, $ 81,250b)$ 162,500, $ 81,250c)$ 243,750 $ 130, 800d)$ 131,250, $196,875e)$ 131,250, $243,750Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A newly launched small and medium enterprise (SME) company is seeking a loan to support its new project. The company has received loan proposals from two different banks. As per the proposal from Bank A, the company will be provided with an amount of $250,000 at a simple interest rate of 5% per year. The repayment will be made in 12 equal monthly installments, which will include both the principal amount and the interest.On the other hand, Bank B has offered to provide 125% of the amount proposed by Bank A, with a simple interest rate of 4%. The repayment will also be made in 12 equal monthly installments, including both the principal and the interest.In the table below, select in column 1 the remaining amount to be paid after six payments, as per the proposal of Bank A, and in column 2 the remaining amount to be paid after nine payments, as per the proposal of Bank B:a)$ 131,250, $ 81,250b)$ 162,500, $ 81,250c)$ 243,750 $ 130, 800d)$ 131,250, $196,875e)$ 131,250, $243,750Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A newly launched small and medium enterprise (SME) company is seeking a loan to support its new project. The company has received loan proposals from two different banks. As per the proposal from Bank A, the company will be provided with an amount of $250,000 at a simple interest rate of 5% per year. The repayment will be made in 12 equal monthly installments, which will include both the principal amount and the interest.On the other hand, Bank B has offered to provide 125% of the amount proposed by Bank A, with a simple interest rate of 4%. The repayment will also be made in 12 equal monthly installments, including both the principal and the interest.In the table below, select in column 1 the remaining amount to be paid after six payments, as per the proposal of Bank A, and in column 2 the remaining amount to be paid after nine payments, as per the proposal of Bank B:a)$ 131,250, $ 81,250b)$ 162,500, $ 81,250c)$ 243,750 $ 130, 800d)$ 131,250, $196,875e)$ 131,250, $243,750Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice GMAT tests.

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