Accountancy, asked by arjunjayan8651, 1 year ago

A sum of 16400 is to be paid back in 2 equal installments. How muchiseach installment if the intrest is compounded at 5% per annum ?

Answers

Answered by jaipoddar47

0

1681 will be the interest for first instalment

By applying compound interest formula = A= p(1+I)^n

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