Mathematics · Compound Interest
Johnson borrows ₹30,000 at 5% compound interest per annum. He wants to pay this amount back by the end of 2 years in two equal yearly installments. How much does he have to pay approximately at the end of each yea r?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹15,784
- 2₹16,274
- 3₹15,231
- 4₹16,134✓
Correct answer
₹16,134
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