Subject
Quantitative Aptitude
Topic
Interest
Ramlal takes a loan of Rs. 10500 at 10% p.a. compounded annually which is to be repaid in to two equal annual installments as one at the end of one year and the other at the end of the second year. The value of each installment is:
Ramlal takes a loan of Rs. 10500 at 10% p.a. compounded annually which is to be repaid in to two equal annual installments as one at the end of one year and the other at the end of the second year. The value of each installment is:
ক)
Rs 5780খ)
Rs 5478গ)
Rs 5060ঘ)
Rs 6050ঙ)
None of theseExplanation
Given that rate of interest R = 10% Annual installment = Rs. X Total number of installment = 2 Sum borrowed = Rs 10500 Sum borrowed = ⇒ x = Rs 6050 Hence, the required amount of one installment is Rs 6050Related questions
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