Mathematics · Compound Interest
A loan of Rs. 8200 at 5% per annum compound interest is to be repaid in two equal annual instalments at the end of every year. Find the amount of each instalment.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 3650
- 2Rs. 4410✓
- 3Rs. 5000
- 4Rs. 4100
Correct answer
Rs. 4410
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