Mathematics · Compound Interest
A loan of ₹3,280 is to be paid back in two equal half-yearly installments. How much will each installment be, if the interest is compounded half-yearly at the rate of 10% per annum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,968
- 2₹1,640
- 3₹1,764✓
- 4₹2,205
Correct answer
₹1,764
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