As per agreement with a bank, a businessman had to refund a loan in some equal installments without interest. After paying 18 installments he found that 60% of his loan was refunded. How many install…

Question

As per agreement with a bank, a businessman had to refund a loan in some equal installments without interest. After paying 18 installments he found that 60% of his loan was refunded. How many installments were there in the agreement?

PYQPulse · Accepted Answer

30

PYQPulse · Answer

Explanation: Official WBPSC key (Series A): (C) 30. 18 installments = 60% of the loan, so each installment = 60/18% = 10/3%. Total = 100 ÷ (10/3) = 30.

As per agreement with a bank, a businessman had to refund a loan in some equal installments without interest. After paying 18 installments he found that 60% of his loan was refunded. How many installments were there in the agreement?

Answer: C. 30

Explanation

As per agreement with a bank, a businessman had to refund a loan in some equal installments without interest. After paying 18 installments he found that 60% of his loan was refunded. How many installments were there in the agreement?

Answer: C. 30

Explanation