Question

Mr.Bharat has, for the higher education of his son, taken a loan of Rs.5 lakh from
Union Bank of India at an interest rate of 10 percent per annum compounded
quarterly. If the loan is to be repaid along with interest in 7 equated annual
installments, what should be the amount of installment? (Round off your answer
to the nearest Rs. 100).​

Answer 1

Answer:

700 rupees in a union bank of India

Answer 2

Answer:

700 rupees in a union bank in India hope it helps you!!!!