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priya

· started a discussion

· 1 Months ago

pls explain (Question: 83316.0 )

pls explian

Question:

A sum of Rs. 210 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 10% compounded annually, then the value of each installment is:

Options:
A) Rs.127
B) Rs.121
C) Rs.210
D) Rs.225
Solution:

Ans: (b)

Let x be the value of installment.

Principal = Present value of x for 1 year + Present value of x for 2 years


Knowledge Expert

· commented

· 1 Months ago

Dear student
Detail solution is already given.

Best wishes
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