Home / Questions / Rs.1,00,000 was borrowed at an interest rate of 10 percent per annum. The amount has to be
Rs.1,00,000 was borrowed at an interest rate of 10 percent per annum. The amount has to be repaid with interest in ten equal annual installments. Each installment is payable at the end of every year. What will be amount of each installment?
[A]Rs.16,273
[B]Rs.17,225
[C]Rs.18,750
[D]Rs.13,469
Jan 03 2018 View more View Less
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