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Problem set- 5
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In this lesson, a case let have been explained.

Riya Agarwal is teaching live on Unacademy Plus

Riya Agarwal
Mostly, all DILR topics are covered for all aptitude exams. Use code "IRIYAAGARWAL" for discount on plus course.

U
Unacademy user
nice explanation.. thanks
Saurabh Jha
2 years ago
Welcome
In problem 3 , how 13000 came? 10000 given by the lender at 30% interest.
mam should i have to do truth and lie statments (binary logic ) questions from lr
Riya Agarwal
2 years ago
Yes you'll have to do that as a part of other mba entrance exams.
Riya Agarwal
2 years ago
Once, I'm done with the previous year papers, I'll be adding those extra topics from lr courses too.
bascally i am focing on cat so is it imp for cat bcz i am facing alot of problems in binary logic so plz suggest
Riya Agarwal
2 years ago
okay give me some time i'll add binary logic course in 10 days time, will that be fine with you?
ya sure mam til then i wil sovle something else like the previous year question that u hv uploaded
Shubham Verma
a year ago
wonderful teaching abilities you possess.
Aakash Goyal
4 months ago
In problem set 5, if 10k only given by lender then how Deepak will pay 25k down-payment for 2 year scheme in 3rd question?
Can u plz add some tough questions as per CAT...
Riya Agarwal
2 years ago
You can check the CAT previous year questions course for the same. Will also be adding some difficult problems here, very soon.
Alok Kumar
a year ago
Thanks a lot.
  1. Data Intenpretation Based on Caselets Problem Set


  2. About Me . I hold a B.E degree in Electronics & Communication Engineering. . CAT, 17: DI & LR-98.29 %ile. . I would take you through the DI & LR lessons for CAT. . Not all are born Einstein's but trust me with hard work and dedication we can together make it possible.


  3. Data Intenpretation Based on Caselets Problem Set


  4. Key Skills Involved I. Firstly, identify the variables in the data, the number of instances of the variables provided and the respective inter relationships amongst the variables. Once the above information is figured out, check if a tabular format is required to solve the given case. II. III. If not needed, start with the questions directly. If needed, start to fill the table with direct data given. Now, with the basic framework, identify the solution to the question being asked. Only focus to solve only to get the answer of the question asked NOTE: Transfer any information derived in the process of solving one question onto the table so that it is available for all subsequent questions


  5. Caseleti: Directions: Mr. Deepak Goyal wants to buy a motorbike which is price at Rs.45,500 The bike is also available at Rs.25,000 down payment and monthly instalments of Rs.1000 per month for 2 years or Rs 18,000 down payment and monthly instalment of Rs 1000 per month for 3 years. Mr. Deepak has with him only Rs 12,000. He wants to borrow the balance money of the down payment from a private lender whose terms are: If Rs.6,000 is borrowed for 12 months, the rate of interest is 20%. The interest will be calculated on the whole amount for the year, even though the repayment has to be done in 12 equal monthly instalments starting from the first month itself. Thus he will have to repay an amount of Rs.600 per month for 12 months to repay Rs.6000 (principle) Rs. 1200 (interest @ 20 percent) If Rs.10,000 is borrowed for one year, the rate of interest is 30 percent and is calculated in exactly the same manner as above.


  6. Answer the following: Q1. If Mr. Deepak is ready to pay either of the down payment then which of the instalment schemes is the better option of the two? (Assume that Mr. Deepak will pay the instalments out of his own earnings and he keeps his savings with himself and earns no interest on the same.) Also assume that instead of borrowing the remaining money for the down payment, he saves the balance before purchase. (a)Rs. 1000 for 2 years (c)Either of the two (b)Rs. 1000 for 3 years (d)Data Inadequate Workspace:


  7. Q1. If Mr. Deepak is ready to pay either of the down payment then which of the instalment schemes is the better option of the two? (Assume that Mr. Deepak will pay the instalments out of his own earnings and he keeps his savings with himself and earns no interest on the same.) Also assume that instead of borrowing the remaining money for the down payment, he saves the balance before purchase. (a)Rs. 1000 for 2 years (c)Either of the two (b)Rs. 1000 for 3 years (d)Data Inadequate Workspace: Scheme 1: Downpayment= Rs. 25,000 Instalment- Rs. 1000 for 2 years - 24X 1000-Rs. 24000 Total cost of the bike = Rs. (25000 + 24000)= Rs.49000 Scheme 2: Down payment - Rs. 18,000 Instalment: Rs. 1000 for 3 years = 36 X 1000 = Rs. 36000 Total cost of the bike Rs. (18000 36000)- Rs. 54000 Scheme 1 is a better option since overall costing is less Therefore, Answer is Option (a).


  8. Answer the following: Q2.What is the percentage difference in the total amount paid to the bike dealer, between the two instalment schemes (with respect to the total payment of the scheme with Rs. 25000 down payment? (a) 10.2% (c) 11.4% (b) 13.5% (d) None of these Workspace:


  9. Q2. What is the percentage difference in the total amount paid to the bike dealer, between the two instalment schemes (with respect to the total payment of the scheme with Rs. 25000 down payment? (a) 10.2% (c) 1 1.4% (b) 13.5% (d) None of these Workspace: Scheme 1: Down payment= Rs. 25,000 Instalment-Rs. 1000 for 2 years-24 X 1000= Rs. 24000 Total cost of the bike Rs. (25000 24000)- Rs. 49000 Scheme 2: Down payment- Rs. 18,000 Instalment-Rs. 1000 for 3 years= 36 X 1000 = Rs. 36000 Total cost of the bike Rs. (18000 36000)- Rs. 54000 Percentage difference (54000-49000)/49000} X 1 00 10.2% Therefore, Answer is Option (a).


  10. Answer the following: Q3. If Deepak can spare only a total of Rs. 2000 to be paid to the bike dealer and the money lender from his monthly earnings starting from the first month onwards, which scheme should he choose? (a)Rs. 1000 for 2 years (c)Either of the two (b)Rs. 1000 for 3 years (d)Data Inadequate Workspace: