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X' and 'Y' jointly take a loan, from 'Z' with promise to repay the loan amount with interest within two years. Soon after taking the loan 'X' is declared as an insolvent and remains insolvent till the date of repayment of loan. 'Y' also fails to repay the loan. 'X' on account of his status as insolvent enjoys immunity from legal proceedings. In these circumstances:
Sidhu Mose wala took a loan of Rs. 1200000 from a bank on simple intrest. Rate of interest offered by the bank was equal to the time period for which on takes the loan. If he paid Rs. 432000 as interest after x years to clear his loan. Find the time for which he took the loan.
Statement : It is necessary to adopt suitable measures to prevent repetition of bad debts by learning from the past experiences of mounting non-performing assets of banks. Courses of Action : I. Before granting loan to customers their eligibility for loan should be evaluated strictly. II. To ensure the payment of instalments of loan, the work, for which loan was granted, should be supervised minutely on regular basis.
Statement : It is necessary to adopt suitable measures to prevent repetition of bad debts by learning from the past experiences of mounting non-performing assets of banks.

Courses of Action :
I. Before granting loan to customers their eligibility for loan should be evaluated strictly.
II. To ensure the payment of instalments of loan, the work, for which loan was granted, should be supervised minutely on regular basis.
A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. The loan backed only by promise to repay, and for this reason the personal loan also called
A sum of Rs. 7930 is divided into 3 parts and given at loan at 5% simple interest to A, B and C for 2, 3 and 4 years respectively. If the amounts of all three are equal after their respective periods of loan, then the A received a loan of = ?
In medieval India, Taccavi loans were given in order to
Consider the following statements regarding the state of agriculture in 18th century Bengal: 1. The Murshid Quli Khan introduced the system of revenue-farming in India for the first time. 2. Taccavi were the agricultural loans granted to poor cultivators. Which of the statements given above is/are correct?
Raju took some loan from a bank at 10% compound interest per annum. He repaid the whole amount of the loan by paying Rs. 7000 and 4400 at the end of the first year and second year respectively. Find the sum of the loan.
A man takes a loan of some amount at some rate of simple interest. After three years, the loan amount is doubled and rate of interest is decreased by 2%. After next 5 years, if the total interest paid on the whole is Rs. 13,600, which is equal to the same when the first amount was taken for \(11 \frac 1 3\) years, then the loan taken initially is: