Mathematics · Compound Interest
A loan of Rs. 2,100 is to be paid back in two equal annual installments at 10% interest per annum compounded annually. How much should be paid in each installment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,210✓
- 2Rs. 1,200
- 3Rs. 1,171
- 4Rs. 1,050
Correct answer
Rs. 1,210
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