Question

A borrowed Rs. 960 from B at simple interest rate of 6% per annum on condition that he would repay the loan in the next 4 annual installments from the time he took the loan. In each of the first 3 installments only the original part 1/4 and pay the remaining principal and interest in the last installment. How much will A pay at the end of the fourth year?

[simple interest]​

Answer 1

Step-by-step explanation:

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