Mathematics · Compound Interest
A person borrows ₹37,500 at a compound interest rate of 12% per annum, with interest compounded annually. At the end of each year, he pays back ₹5,300 as a partial payment. How much does he still owe after two such installments?
- 1₹35,804✓
- 2₹35,681
- 3₹35,858
- 4₹35,632
Correct answer
₹35,804
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!
Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
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