Latest MBA Aptitude Question SOLUTION: A has to pay Rs. 7282 at the end of 3 yrs. He agrees to repay the amt in 3 equal installments. Initially the rate is 10% p.a. compounded annually; but after 2 installments have bee

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(#M40017261) MBA question averages, percentages, profit loss and interest Keep an EYE

A has to pay Rs. 7282 at the end of 3 yrs. He agrees to repay the amt in 3 equal installments. Initially the rate is 10% p.a. compounded annually; but after 2 installments have been paid, the interest rate is increased to 15% p.a.; effective from that year. What was the value of the last installment?

1) Rs. 1100
2) Rs. 2200
3) Rs. 3300
4) None of these

Asked In MBA (11 years ago)

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