Question

An employee borrowed a 3 year loan of ` 10,000 at 9% from his employer to buy a motorcycle. If employer requires three equal end-of-year repayments, then the annual instalment will be ___.

Answer 1

Answer:

UGC net management May be the option given is wrong b) ₹3951. but I still tried. Correct me if I'm wrong.

Mine Ans 2950.29