What annual payment will discharge a debt of ₹ 770 due in years, the rate of interest being 5% per annum?

CA Foundation · Quantitative Aptitude · MTP · June 2024
What annual payment will discharge a debt of ₹ 770 due in years, the rate of interest being 5% per annum?
(A) A. ₹150
(B) B. 140
(C) C. 130
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. 140

Topics: Part-A: Business Mathematics

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