Economy, asked by vedantagrawala474, 1 year ago

Leela takes a loan of rs. 8400 at 10% p.A. Compounded annually which is to be repaid in two equal annual installments. One at the end of one year and the other at the end of the second year. The value of each installment is?

Answers

Answered by anjulaaggarwal3006
1

8400× 110/100×110/100=

84×11×11=10164rs

10164 is total amount payable

10164/2=5082 is value of each installment

Answered by rudrakaniya
0

Answer:

Correct answer is 4840

Explanation:

Formula for calculating (1+R)^2P = X+(1+R) * X

(11/10)*(11/10) * 8400 = X+110% * X

11*11*84=210%X

11*11*4*10 = X

X = 4840

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