Multiple Choice Questions on Leela takes a loan of Rs 8400 at 10 p a compounded annually which is to be repaid in two equal annua........... for SBI (Clerical) Exam Preparation

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Multiple Choice Questions

Leela takes a loan of Rs 8400 at 10 p a compounded annually which is to be repaid in two equal annua...........

Quantitative Aptitude (SBI-CL) Compound Interest
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    Leela takes a loan of Rs. 8400 at 10% p.a. compounded annually which is to be repaid in two equal annual installments. One at the end of one year and the other at the end of the second year. The value of each installment is? 

    4200

    Incorrect Answer

    4140

    Incorrect Answer

    4840

    Correct Answer

    5640

    Incorrect Answer
    Explanation:

    8400 = x*(210/121) => 4840

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