Question

A man borrowed Rs. 1,26,10 from a back to be paid back in 3 years in equal
instalments money being worth 5% per annum compound interest. Find the
value of each instalment.​

Answer 1

Answer:

ANSWER

We know that,

A=P(1+

100

r

)

n

⟹2160=P(1+

100

20

)

2

⟹P=Rs.4551.12

HOPE IT HELPS