A roadside tea stall merchant borrows ₹ 9,000 at 2.76% Simple Interest per annum. The principal and the interest are to be paid in 10 monthly…
CA Foundation · Quantitative Aptitude · PYQS · September 2024
A roadside tea stall merchant borrows ₹ 9,000 at 2.76% Simple Interest per annum. The principal and the interest are to be paid in 10 monthly instalments. If each instalment is double than the preceding one, find the value of the last instalment.
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 4,608
Topics: Part-A: Business Mathematics
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