Mathematics · Compound Interest
A sum was borrowed at Compound Interest (compounded quarterly) at the rate of 16% per annum. If it is discharged in three equal quarterly instalments of Rs. 35,152 each, then find the total sum borrowed.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,05,456
- 2Rs. 96,350
- 3Rs. 97,550✓
- 4Rs. 48,775
Correct answer
Rs. 97,550
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