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Installments · UPSC CDS/OTA · Question 37 of 51

Installments: A lent an amount of Rs. 1100 to B. This is to be paid back to A in two installments. If the rate of interest, which A charges to B, be 20% compounded annually, then what is the value of each installment ?

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Topic
Installments
Subject
Mathematics
Difficulty
Difficult
Solve Time
45-60 sec

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Q · InstallmentsDifficult · 45s

A lent an amount of Rs. 1100 to B. This is to be paid back to A in two installments. If the rate of interest, which A charges to B, be 20% compounded annually, then what is the value of each installment ?

TopicInstallments
Question Typemultiple choice
DifficultyDifficult
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

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Solution illustration 1
Final Answer: Option D - 720
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A lent an amount of Rs. 1100 to B. This is to be paid… - Installments (Mathematics) Solved Question