Rajiv borrowed ₹654 from state Bank of Hyderabad and promised to pay back the money in 4 equal installments.If the rate of simple interest be 6 %find the amount of the installment.
₹186
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Answer:
203
Step-by-step explanation:
Rajeev borrowed rupees 654
he promised to pay back money in 4 equal installments
the rate of simple interest be 6%
654÷4 = 163.5
6% of 654 = 39.24
total amount of the installment will be 163.5 + 39.24 = 203
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