Mathematics · Compound Interest
A person borrows ₹28,400 at 15% compound interest per year, compounded annually. At the end of every year, he pays ₹9,100 as part payment. How much does he still owe after two such instalments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹17,795
- 2₹17,817
- 3₹17,973
- 4₹17,994✓
Correct answer
₹17,994
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