IIM-B (BBA-DBE) 2024 #1 (QA) PYQs

Veena has to pay Rs. 2460 to Sita, 5 months later at 6% simple interest per annum, and Gita has to pay Sita the same amount at 7.5% simple interest per annum after certain months. If both took the same amount of loan from Sita then Gita paid the loan after how many months?

The simple interest on a certain sum of money invested at 7.5% per annum for 4 years is ₹243. What was the sum (in ₹) invested?

Sumit has Rs. 90000 with him. He purchases three items A, B, and C for Rs. 15000, Rs. 13000, and Rs. 35000 respectively and puts the remaining money in a bank deposit that pays compound interest @15% per annum. After 2 years, he sells off the three items at 80% of their original price and also withdraws his entire money from the bank by closing the account. What is the total change in his asset?