A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a., compounded annually, and each instalment is ₹5,808, then the total interest charged in this scheme is:
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Q:
A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a., compounded annually, and each instalment is ₹5,808, then the total interest charged in this scheme is:
- 1₹1,563false
- 2₹1,536true
- 3₹1,632false
- 4₹1,602false
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