Question

Aswin borrowed 3,20,320 at 20% p.a. compound
interest, interest being compounded annually.
He planned to repay it in two equal annual
instalments. But he actually repaid it in three equal
annual instalments. Find the difference between the
value of each instalment he had planned to pay and
each instalment that he actually paid.
(A) 48000
(B) 54000
(C) 29952
(D) 57600​

Answer 1

Answer:

54000 is the difference between his instalment

Answer 2

Step-by-step explanation:

go through the attachment