Question:
A man borrowed 10,500 at 10% compound interest. How much he has to pay annually at the end of each year, to settle his loan in 2 years?
A man borrowed 10,500 at 10% compound interest. How much he has to pay annually at the end of each year, to settle his loan in 2 years?
Updated On: Oct 23, 2024
- 6050
- 5250
- 6060
- 6000
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The Correct Option is A
Solution and Explanation
The correct answer is (A);6050
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