Question 1:

 If you want to get a loan with interest rate 7% per annum compounded monthly for a period of 17 years and pay Rs. 8,450 at the end of per month for this loan, then how much will you borrow?

 Question 2:

 If the basic salary of an employee is Rs. 30000 and allowances are Rs. 18,000.

What is the taxable income of the employee?

 Question 3:

 (a) If 3 students are absent out of a class of 24, what percent of the students are absent?

(b) If 12.5% of the students are absent in a class of 24, how many students are absent?

(c) If 3 students are absent and these comprise 12.5% of the class, how many students are enrolled in the class?

 Question 4:

 What principal does Ali need to invest at 25% p.a.(per annum) compounding monthly so that he ends up with Rs. 100,000 at the end of five years? Also find compound interest.

 Question 5:

 A retired person wants to deposit his G.P. fund savings of Rs. 1,50,000 in a bank. The bank offers 12% interest compounded quarterly, so as to withdraw Rs. 6000 after each three months. Find the number of withdraws.

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