Question

Q.19. Mr. Madan took a Loan of Rs.10,00,000 on 1st April 2014 repayable in 5 annual equ
installments at the end of every year. However, the first installment shall be due on 31st March 2017
Calculate the amount of periodic payment if the bank charges interest @5%p.a. compound
annually?
Ya) Rs.2.54,650
(b) Rs.3,31,980
(c) Rs.4,15,520
(d) Rs.89,460​

Answer 1

Answer:

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