Mathematics · Installments
A sum of ₹21,000 is borrowed at a rate of 10% p.a. compound interest, compounded annually. If it is returned in two equal annual installments, what is the amount of each installment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹12,150
- 2₹12,250
- 3₹12,100✓
- 4₹12,000
Correct answer
₹12,100
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