Mathematics · Compound Interest
A person borrows ₹60,800 at 15% compound interest per year, compounded annually. At the end of every year, he pays ₹2,900 as part payment. How much does he still owe after two such installments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹74,092
- 2₹74,170
- 3₹74,173✓
- 4₹74,162
Correct answer
₹74,173
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