Multiple Choice Questions on A sum of Rs 13 360 was borrowed at 8 3 4 p a C I and paid back in 2yrs in two equal installments Wha........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum of Rs 13 360 was borrowed at 8 3 4 p a C I and paid back in 2yrs in two equal installments Wha...........

Quantitative Aptitude ( CCS) Compound Interest
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    A sum of Rs 13,360 was borrowed at 8(3/4)% p.a C.I and paid back in 2yrs in two equal installments. What was the amount of each installment?

    5769

    Incorrect Answer

    7569

    Correct Answer

    7009

    Incorrect Answer

    7500

    Incorrect Answer
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    Explanation:

    8(3/4) = 7/80
    80/87 * 167/87 * installments =13360
    Installments = Rs7569

    By: Pranav Gupta
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