Mathematics · Compound Interest
A person borrowed a certain amount and returned it in two equal annual installments of Rs. 8,820 each. If the rate of compound interest is 5% per annum, then the amount borrowed was:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs. 16,800
- 2Rs. 16,400✓
- 3Rs. 16,000
- 4Rs. 17,400
Correct answer
Rs. 16,400
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