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A sum of Rs. 13,360 was borrowed 8(3)/4%...

A sum of `Rs. 13,360` was borrowed `8(3)/4%` per annum compound interest and paid back in two years in two equal annual instalments. What was the amount of each instalment?

A

₹5,769

B

₹7,569

C

₹7,009

D

₹ 7,500

Text Solution

Verified by Experts

The correct Answer is:
B
बयाज दर `=8(3)/(4) % = (cancel(35)^(7))/(4) xx (1)/(cancel(100)_(20))=(7)/(80)`
`=(87)/(80) (larr" Installment")/(larr "Principal")`
`implies I to 80 xx 87 to 87 xx 87 `- (i)
`II to 6400 to 7569`-(ii)
चूँकि किस्त समान है इसलिए सभी (1) को 87 से गुणा किया गया है |
`:.` कुल Principal = 6960 + 6400 = 13360
`implies`133620 unit =₹ 133620
1 unit =₹1
7569=7569
`:. ` प्रत्येक Installment =7569
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