Mathematics · Compound Interest
A man borrowed some money and returned it in two equal annual installments of ₹3,025 each. If the rate of interest is 10% per annum, compounded annually, find the total sum borrowed.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹5,250✓
- 2₹6,525
- 3₹6,250
- 4₹5,575
Correct answer
₹5,250
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