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mayank davaggar

· started a discussion

· 1 Months ago

wrong question (Question:309140.0)

as per given in question the interst is CI and u ppl have considered it as SI and solved it

Question:

A man borrows Rs.4000 from a bank at 7 12   % compound interest. At end of the every year, he pays Rs.1500 as part repayment of loan and interest. How much does he still owes to the bank after three such instalments?

Options:
A)

Rs.123.25

B)

Rs.125

C)

Rs.400

D)

Rs.469.18

Solution:

Ans: (a)

  

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