A sum is to be paid back in 2 equal installments. The interest is compounded anually at 16%pa.If each installment be rs. 8410.Then what is the sum?
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Answer:
guess that the answer is 19511.2
Step-by-step explanation:
in the question each installment is rs 8410 and interest is 16%
the accordingly the total sum will be
2 x 8410 + 2 x 16% of 8410
work it out and you get
16820 + 2 x 1345.6
16820 + 2691.2
=19511.2
hope this is right, sorry if its wrong.
rahul83589:
its answer is 5150 sorry
its answer is 13600 ...sorry ... my mistake
it is not possible as the are two units of Rs 8410 . the answer will definitely be greater than 16000.
*there
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