1.

Ghanshyam borrow a sum of Rs. 13,360 at 8.75 % per annum compound interest and paid back in two instalments. What was the amount of each instalment1. 75692. 84513. 70024. 70215. 1520

Answer» Correct Answer - Option 1 : 7569

Answer : 7569

Given :  Net amount = 13360 Rs.

Rate % = 8.75% = 7/80

Formula used\(amount = \frac{x}{{\left( {1 + r\;\% } \right)}} + \frac{x}{{{{\left( {1 + R\% } \right)}^2}}} \ldots \ldots \ldots \frac{x}{{{{\left( {1 + r\% } \right)}^n}}}\)

Calculation :

\(13360 = x/(18.75\% ) + x/{(18.75)^2}\)

X=7569 Rs.



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