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CA Foundation doubt

A loan of Rs. 102000 is to be paid back in two equal annual instalments. If the rate of interest is 4%p.a compounded anually then the total interest charged in rs under this instalment plan is? Option

Asked by Mayuri7 Jul 2024515 views

8 answers

  1. Harsh · 7 Jul 2024

    It's ok

  2. Mayuri · 7 Jul 2024

    Thank you

  3. Harsh · 7 Jul 2024

    A=V÷P(n, i) p(2, 4%) = (1+0.14) ^2-1÷(1+0.14) ^2*0.14 =1.886094 A= 102000/1.886094=54080 2equal annual installments =54080+54080=108160 108160-102000=6160

  4. Harsh · 7 Jul 2024

    Yss A ayega

  5. Satish · 7 Jul 2024

    6160 answer

  6. Mayuri · 7 Jul 2024

    Nahi a hai answer solution mein But idk how??

  7. Moin · 7 Jul 2024

    B

  8. Khushi · 7 Jul 2024

    2

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