Mathematics · Compound Interest
A mobile phone is available for Rs. 39,300 cash payment, or for Rs. 7,450 cash down payment and three equal yearly instalments. If the shopkeeper charges interest at the rate of 20% per annum, compounded annually, what is the amount of each instalment (in Rs.)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 115120✓
- 214060
- 315000
- 416240
Correct answer
15120
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Compound Interest MCQs →Want more practice questions on Compound Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Compound Interest