Question

A loan was repaid in two annual instalments of RS 3630 each.If the rate of interest be 10% per annum compounded annually then find the sum that was borrowed

Answer 1

i think this will be helpfull to you.
here two annual installment has been given so its mean the time of the compound interest will be calculate for 2 years. and another thing is that here annual installment is given so it will be twice at the end of the second year

Answer 2

Answer:

6000

Step-by-step explanation: