Question

What annual installment (in ₹) will discharge a debt of ₹9,429 due in three years at 12.25% simple interest per annum? [Note: Installments will be paid at the end of Year 1, Year 2 and Year 3.]

A 2,840
B 2800
C 2700
D 2760
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)