Mathematics · Compound Interest
A motorcycle is available for Rs. 1,35,000 cash or for Rs. 23,880 cash down payment followed by three equal annual installments. If the rate of interest charged is 15% p.a., compounded yearly, then the total interest paid under the installment scheme is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 33,784
- 2Rs. 33,874
- 3Rs. 34,884✓
- 4Rs. 34,848
Correct answer
Rs. 34,884
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