SSC
Government Jobs Exams
Numerical Ability
Simple & Compound Interest
a person borrowed a sum of money and returned it in three equal quarterly instalments of Rs 35152 each. Find the sum borrowed if the rate of interest charged was 16% per annum compounded quarterly
Read Solution (Total 1)
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- 1 year=4 quarters then total amount is paying with interest in 35152*4=140,608/-
-> Rate of interest is 16%,assume sum borrowed is x
->140608=x+interest
->140608=x+(x*16/100)
->121213.793 - 9 years agoHelpfull: Yes(0) No(3)
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