Mathematics · Compound Interest
A person borrowed some money on compound interest and returned it in 3 equal annual instalments. If the rate of interest is 15% per annum and the annual instalment is ₹12,167, then find the sum borrowed.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹27,780✓
- 2₹25,780
- 3₹26,970
- 4₹28,530
Correct answer
₹27,780
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