Madhu takes a loan of ₹ 50,000 from ABC Bank LTD.The rate of interest is 10% per annum. The first instalmennt will be paid at the end of five year.…
CA Foundation · Quantitative Aptitude · MTP · September 2025
Madhu takes a loan of ₹ 50,000 from ABC Bank LTD.The rate of interest is 10% per annum. The first instalmennt 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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