Shyam takes an amount of Rs 1200 and the interest is compounded annually at the rate of 5% per annum. He has to pay the amount back in three installments then find the amount of each installment.
1
400
2
350
3
305.54
4
440.65
5
500
Shyam takes an amount of Rs 1200 and the interest is compounded annually at the rate of 5% per annum. He has to pay the amount back in three installments then find the amount of each installment.