Mathematics · Compound Interest
John borrowed Rs. 2,10,000 from a bank at an interest rate of 10% per annum, compounded annually. The loan is to be repaid in two equal annual instalments. Find the value of each instalment (in Rs.).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11,21,000✓
- 21,10,000
- 31,32,000
- 41,20,000
Correct answer
1,21,000
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