Akash takes certain sum of money from a bank at the rate of 30% p.a. compound interest. He clears his debt by paying two equal installments of rs. 2500 each at the end of first and second year. Find the money he borrowed...??
(2500*1000)/16900 + (2500*100)/130
250000/169 + 25000/13
X= (250000 + 325000)/169
X= 575000/169 = 3402.36
Well manisha ji. Would u like 2 tell me how did u solve this question?
2500/(130/100)^ 2 + 2500/(130/100) = x
Solving this...we get ans
Ans is 3402.36
Then wts accurate ans?
No..both are wrong
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