engineering recuitment ICAR (IARI) Assistant (Pre + Mains) 2022 Mock Test Quantitative Aptitude Interest Installments
Kishan goes to a shop to purchase a bike for Rs. 250000. The shopkeeper offers a discount of 10% with a down payment of Rs. 21000 and 2 equal yearly installments and the rate of interest is 12.5% per annum compounded annually. Find the value of yearly installment.
1
Rs. 121500
2
Rs. 122500
3
Rs. 125500
4
Rs. 130500