πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Rajni borrowed Rs. 1,500 from a bank and repaid the

      entire amount with interest in two equal annual installments, the first instalment being paid a year after Rajnish borrowed from the bank. If the rate of interest was 40% per annum, compounded annually, then what was the value (in Rs.) of each instalment paid by Rajni.
      A 1350 Correct Answer Incorrect Answer
      B 1275 Correct Answer Incorrect Answer
      C 1225 Correct Answer Incorrect Answer
      D 1175 Correct Answer Incorrect Answer

      Solution

      Practice Next

      Relevant for Exams:

      ask-question