Priya has a loan of rupees 5460 due at the end of 3 years. if thr loan was taken at 20% compound interest and supposed to be repaid in three equal yearly imstallments, find the value of installment
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20% of 5460 = 1052
after 3 years
total interest will be = 3 × 1052 = 3156
total payment = 5460 + 3156 = 8616rs
after 3 years
total interest will be = 3 × 1052 = 3156
total payment = 5460 + 3156 = 8616rs
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