Multiple Choice Questions on A sum of money was borrowed and paid back in two equal annual instalments of Rs 980 allowing 4........... for SSC CGL Exam Preparation

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Multiple Choice Questions

A sum of money was borrowed and paid back in two equal annual instalments of Rs 980 allowing 4...........

Quantitative Aptitude (CGL) Compound Interest
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     A sum of money was borrowed and paid back in two equal annual instalments of Rs 980, allowing 4% compound interest. The sum (in Rs, to the nearest tens) borrowed was:

    This questions was previously asked in
    SSC CGL 11th April 2022 Shift-3
    View All ssc Previous Year Papers

    1,850 

    Correct Answer

    1,960 

    Incorrect Answer

    1,760 

    Incorrect Answer

    2,050 

    Incorrect Answer
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    Explanation:

    1,850 

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