Mathematics · Compound Interest
A person borrows ₹79,200 at 10% compound interest per year, compounded annually. At the end of every year, he pays ₹8,700 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₹77,529
- 2₹77,488
- 3₹77,562✓
- 4₹77,430
Correct answer
₹77,562
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