Latest MBA Aptitude Question SOLUTION: Anwar bought a computer worth Rs 30,860. He made a down payment of Rs 21,000 and remaining amount, he paid back from his credit card in 4 equal installments at the rate of 12.5% co

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(#M40015107) MBA question averages, percentages, profit loss and interest Keep an EYE

Anwar bought a computer worth Rs 30,860. He made a down payment of Rs 21,000 and remaining amount, he paid back from his credit card in 4 equal installments at the rate of 12.5% compound interest. What is the value of each installment?Lucid and precise Explanation of concept please

1) 2465
2) 2980
3) 3280.5
4) 2773.125

Asked In MBA (11 years ago)

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