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Compound Interest — MATHEMATICS STD 9 — Question

ICSE BoardEnglish MediumSTD 9MATHEMATICSCompound Interest1 Mark
MCQ
A man borrows ₹ 5,000 at 12% compound interest p.a., interest payable every six months. He pays back ₹ 1,800 at the end of every six months. The third payment he has to make at the end of 18 months in order to clear the entire loan will be :
  • ✓
    ₹ 2,024.60
  • B
    ₹ 2,204.60
  • C
    ₹ 2,240.60
  • D
    ₹ 2,402.60
✓

Answer

Correct option: A.
₹ 2,024.60
A

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