state gov Bihar SSC (BSSC) Inter Level Mock Test 2024 - 25 Quantitative Aptitude Interest Compound Interest
A sum of money was borrowed and paid back in two equal annual instalments of ₹980, allowing 4% compound interest. The sum (in ₹, to the nearest tens) borrowed was:
1
1,960
2
1,850
3
1,760
4
2,050