A loan of Rs 18900 is to be paid back in two equal half yearly instalm – InterviewSolution

InterviewSolution

1.	A loan of Rs 18900 is to be paid back in two equal half yearly instalment if the interest is compounded half yearly at 20% per annum then the interest is (in rupees)
Answer» RS 2880 Rs 3000 Rs 3178 Rs 3380 Solution :USE the CONCEPT of compound interest

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