Not mentioned if there is only one installment (Question: 326217.0 )

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Arun

· started a discussion

· 1 Months ago

Not mentioned if there is only one installment (Question: 326217.0 )

Nowhere in the question, it is mentioned that there is only one instalment. Then how can we use the equation P(1+10/100)^1?

Question:

The rate of compound interest is 10%. If the amount of the first instalment is Rs. x, then the principal amount is

Options:

Rs. $x (1 + \frac{10}{100})$

Rs. $x \div (1 + \frac{10}{100})$

Rs. $x \times \frac{10}{100}$

Rs. $x \div \frac{10}{100}$

Solution:

Ans: (b)

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Not mentioned if there is only one installment (Question: 326217.0 )

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