Mathematics · Compound Interest
A person borrows ₹66,700 at 10% compound interest per year, compounded annually. At the end of every year, he pays ₹1,100 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₹78,397✓
- 2₹78,419
- 3₹78,352
- 4₹78,570
Correct answer
₹78,397
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