A loan of ₹ 1,00,000 is repaid in 3 equal annual instalments at 10% per annum interest, compounded annually. Find the amount of each instalment.…
CA Foundation · Quantitative Aptitude · PYQS · May 2026
A loan of ₹ 1,00,000 is repaid in 3 equal annual instalments at 10% per annum interest, compounded annually. Find the amount of each instalment. (Given P(3,0.1) = 2.48685)
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. ₹ 40,212
Topics: Part-A: Business Mathematics
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