Question

Kay has decided to take out a 23100 loan and she wants to pay it back in quarterly installments

Answer 1

Answer:

₹7700 per quarter

Step-by-step explanation:

Step 1: Deriving the basics.

The quarter of an year is $\frac{12}{3}$ which is 4.

Step 2: Explaining current situation.

Now if we divide the loan(23100) into the 4 quarters of 3 months each,

we shall have the answer.

Step 3: Final evaluation.

Hence if we divide $\frac{23100}{4}$ it will give us ₹5775

Step 4: Conclusion.

Hence, Kay's quarterly installments would be ₹5775.

Hope this helps you!!!!