railway RRB NTPC Mock Test Series 2024-25 (CBT 1 + CBT 2) Quantitative Aptitude Interest Compound Interest
P borrows a sum of ₹5,00,000 from a bank which charges simple interest at 18% per annum at the beginning of the year. He pays 11 equal monthly installments of ₹40,000 and mortgages his bike at the end of the year to pay the remaining amount. What is the value of a pledged bike?
1
1,50,000
2
1,75,000
3
1,25,000
4
1,10,000