Mathematics · Compound Interest
A person borrows ₹63,500 at 10% compound interest per year, compounded annually. At the end of every year, he pays ₹5,800 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₹64,692
- 2₹64,775
- 3₹64,765
- 4₹64,655✓
Correct answer
₹64,655
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