Mathematics · Compound Interest
A man borrows ₹3,310 and undertakes to pay it back with compound interest at 10% per annum in three equal yearly installments at the end of the first, second, and third years. What is the amount of each installment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,331✓
- 2₹1,120
- 3₹2,110
- 4₹1,021
Correct answer
₹1,331
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