Management Aptitude Test Sep 2013 Paper

(e) Xerox machine is available at 33

1

3

%
cash down payment and 11 equal monthly instalments of ₹ 4900 each.
Then, 33

1

3

% of ₹ 78000
=

100

3

×

78000

100

= ₹ 26000
Now, 11 monthly instalments of ₹ 4900 each.
Then, it is equal to 11 x 4900 = ₹ 53900
Then, total cost of machine on instalment 26000 + 53900 = ₹ 79900
Now, interest = (79900 - 78000) = ₹ 1900
Let the rate of interest be R.
Then, SI =

P×R×T

100

1900 =

78000×R×1

100

R =

1900×100

78000

= 2.43%