A sum of 16,400 is borrowed to be paid in 2 years by two equal annual payments, allowing 5% compound interest. The annual payment is
A. Rs 8000
B. Rs 8050
C. Rs 8820
D. Rs 9000

Question

A sum of 16,400 is borrowed to be paid in 2 years by two equal annual payments, allowing 5% compound interest. The annual payment is A. Rs 8000 B. Rs 8050 C. Rs 8820 D. Rs 9000

Pawan Prajapati · Answer

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A sum of 16,400 is borrowed to be paid in 2 years by two equal annual payments, allowing 5% compound interest. The annual payment is A. Rs 8000 B. Rs 8050 C. Rs 8820 D. Rs 9000

A sum of 16,400 is borrowed to be paid in 2 years by two equal annual payments, allowing 5% compound interest. The annual payment is
A. Rs 8000
B. Rs 8050
C. Rs 8820
D. Rs 9000

1 Answers

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A sum of 16,400 is borrowed to be paid in 2 years by two equal annual payments, allowing 5% compound interest. The annual payment is A. Rs 8000 B. Rs 8050 C. Rs 8820 D. Rs 9000

A sum of 16,400 is borrowed to be paid in 2 years by two equal annual payments, allowing 5% compound interest. The annual payment is A. Rs 8000 B. Rs 8050 C. Rs 8820 D. Rs 9000

1 Answers

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Other Related Questions on 10 grade maths

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A sum of 16,400 is borrowed to be paid in 2 years by two equal annual payments, allowing 5% compound interest. The annual payment is
A. Rs 8000
B. Rs 8050
C. Rs 8820
D. Rs 9000