Some people have interest in interest!!!
An amount of Rs. 12820 due 3 years hence is fully repaid in three annual installments starting after 1 year. The first installment is 0.5 times the second one and the second one is 0.666 times the third one. If the rate of interest is 10% per annum, find the first installment (in Rs.).
The answer is 2000.
This section requires Javascript.
You are seeing this because something didn't load right. We suggest you, (a) try
refreshing the page, (b) enabling javascript if it is disabled on your browser and,
finally, (c)
loading the
non-javascript version of this page
. We're sorry about the hassle.
0 solutions
No explanations have been posted yet. Check back later!