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| Q.12 | Rajnish borrowed ₹1,500 from a bank and repaid the entire amount with interest in two equal annual instalments, the first instalment being paid a year after Rajnish borrowed from the bank. If the rate of interest was 40% per annum, compounded annually, then what was the value (in ₹) of each instalment paid by Rajnish? | |
| Ans | 1. 1470 | |
| 2. 1225 | ||
| 3. 1350 | ||
| 4. 1125 |
Correct Ans Provided: 2
