Mathematics · Compound Interest
A man borrows Rs. 18,000 and undertakes to pay it back with compound interest at a rate of 20% per annum in two equal yearly instalments. The amount of each instalment is approximately:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 11,781.82✓
- 2Rs. 11,555.32
- 3Rs. 12,102.74
- 4Rs. 12,152.35
Correct answer
Rs. 11,781.82
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