Multiple Choice Questions on Suresh borrows Rs 6375 to be paid back with compound interest at the rate of 4 pa by the end of 2 ye........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Suresh borrows Rs 6375 to be paid back with compound interest at the rate of 4 pa by the end of 2 ye...........

Quantitative Aptitude ( CCS) Compound Interest
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    Suresh borrows Rs.6375 to be paid back with compound interest at the rate of 4 % pa by the end of 2 year in two equal yearly installments. How much will each installment will be?

    3840

    Incorrect Answer

    3380

    Correct Answer

    4800

    Incorrect Answer

    Data inadequate

    Incorrect Answer
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    Explanation:

    25x/26 + 625/676x  = 6375
    x = (6375 * 676)/1275 = 3380

    By: Pranav Gupta
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