Madhu takes a loan of ₹ 50,000 from ABC Bank LTD. The rate of interest is 10% per annum. The first instalment will be paid at the end of five year.…
CA Foundation · Quantitative Aptitude · MTP · May 2026
Madhu takes a loan of ₹ 50,000 from ABC Bank LTD. The rate of interest is 10% per annum. The first instalment will be paid at the end of five year. Determine the amount (in ₹) of equal instalments, if Madhu wishes to repay the amount in five years.
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. ₹ 19,310
Topics: Part-A: Business Mathematics
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