regulatoryBody RBI Assistant Prelims and Mains Mock Test 2023 Quantitative Aptitude Interest Installments
A sum of Rs. 450 was taken as a loan. This is to be paid back in two equal instalments. If the rate of interest is 10% compounded annually, then the value of each instalment is :
1
Rs. 360
2
Rs. 280.50
3
Rs. 300.75
4
Rs. 259.28
5
None of these