Mathematics · Compound Interest
A person borrows ₹87,900 at 10% compound interest per annum, compounded annually. At the end of every year, he pays ₹9,900 as a part payment. How much does he still owe after making two such instalments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹85,569✓
- 2₹85,439
- 3₹85,556
- 4₹85,382
Correct answer
₹85,569
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