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phani pavan konni

· started a discussion

· 1 Months ago

Where is the answer (Question:113659.0)

Please post solutions

Question:

A sum of Rs. 5000 is paid back in 4 yearly installments. How much is each installment, if the interest is compounded annually on the balance at 8% per annum and is to be included in each installment?

Options:
A) Rs. 1840, Rs. 1730, Rs. 1630, Rs. 1520
B) Rs. 1850, Rs. 1740, Rs. 1630, Rs. 1510 
C) Rs. 1848, Rs. 1736, Rs. 1624, Rs. 1512
D) Rs. 1856, Rs. 1742, Rs. 1615, Rs. 1512
Solution:
Ans: (c)

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