engineering recuitment ICAR (IARI) Assistant (Pre + Mains) 2022 Mock Test Quantitative Aptitude Interest Installments
A mobile phone is available for Rs. 79,860 by cash payment or by paying cash of Rs. 60,000 as down payment and the remaining amount in three equal annual instalments. If the shopkeeper charges interest at the rate of 10% per annum compounded annually, then the amount of each instalment (in Rs) will be:
1
6,689
2
6,789
3
7,986
4
6,000