Question

A sum of rs. 13,360 was borrowed at 8 3 4 % per annum compound interest and paid back in two years in two equal annual instalments. what was the amount of each instalment? (1) rs. 5,769 (2) rs. 7,569 (3) rs. 7,009 (4) rs. 7,500 (5) none of these

Answer 1

interest rate is not correct or the answer is no 5