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Xavier Aptitude Test 2023 Paper

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Question : 59 of 102

Marks: +1, -0

Jose borrowed some money from his friend at simple interest rate of 10% and invested the entire amount in
stocks. At the end of the first year, he repaid 1/5th of the principal amount. At the end of the second year, he
repaid half of the remaining principal amount. At the end of third year, he repaid the entire remaining
principal amount. At the end of the fourth year, he paid the last three years’ interest amount. As there was
no principal amount left, his friend did not charge any interest in the fourth year. At the end of fourth year, he
sold out all his stocks. Later, he calculated that he gained Rs. 97500 after paying principal and interest
amounts to his friend. If his invested amount in the stocks became double at the end of the fourth year, how
much money did he borrow from his friend?

250000
200000
150000
125000
None of the above

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