engineering recuitment ICAR (IARI) Assistant (Pre + Mains) 2022 Mock Test Quantitative Aptitude Interest Installments
A digital note-pad is available for Rs. 25,000 cash or Rs. 2,500 down payment followed by 4 equal monthly installments. If the rate of interest charged is 24% per annum simple interest, what is the monthly installment (in Rs., rounded off to the nearest tens)?
1
5,890
2
5,800
3
5,900
4
5,790