7th Class Mathematics Related to Competitive Exam Question Bank Applied Mathematics

  • question_answer
    A sum of Rs. 10,400 is borrowed at 8% simple interest and is paid back in 5 equal annual installments. What is amount of each installments?

    A) Rs.  2600

    B) Rs.  2800

    C)  Rs.  2575

    D)  Rs.  2460

    E)  None of these

    Correct Answer: B


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