A loan has to be returned in two equal annual instalments. If the rate of interest is 16%
per annum compounded annually and each instalment is of Rs. 1682, find the sum
borrowed and the total interest paid.

Question

A loan has to be returned in two equal annual instalments. If the rate of interest is 16%
per annum compounded annually and each instalment is of Rs. 1682, find the sum
borrowed and the total interest paid.

aravindg · Answer

This doesnt seem good are u really following my answers or just posting the qns freely ?

goformit100 · Answer

i9 am solving it with calculators using your instructions ...

aravindg · Answer

ok how come u have so many qns ? Are u doing a test/quiz?

goformit100 · Answer

yes

goformit100 · Answer

help me here...

aravindg · Answer

what kind of test ?

goformit100 · Answer

MCQ type...

aravindg · Answer

A test is conducted to test your knowledge, not the knowledge of strangers in some site .Please do the test genuinely .Lets have a discussion after the test .All the best ! :)