A loan of ₹ 16,550 is to be paid in three equal annual instalments at compound interest. The value of annual instalment, if the rate of interest is…
CA Foundation · Quantitative Aptitude · PYQS · September 2024
A loan of ₹ 16,550 is to be paid in three equal annual instalments at compound interest. The value of annual instalment, if the rate of interest is 10% per annum is :
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹6,655
Topics: Part-A: Business Mathematics
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