A person borrowed a sum of Rs 6000 at 10% p.a., interest compounded annually.…
TCS · 2024
A person borrowed a sum of Rs 6000 at 10% p.a., interest compounded annually. If the money is to be repaid in three equal annual installment, each payable at the end of the year, then what is the value of each installment?
- A.
Rs.2,000
- B.
Rs.2,413
- C.
Rs.2,314
- D.
Rs.2,662
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