defence exam CRPF Constable Tradesmen & Technical 2023 Mock Test Quantitative Aptitude Interest Installments
If the cost of a mobile phone is ₹25,000, available at ₹5,000 down payment followed by 3 equal annual instalments (each instalment is to be paid at the end of each year) at the rate 25% p.a. compound interest, then find the value of each instalment (rounded off to two decimal places):
1
₹10,245.90
2
₹13,021
3
₹17,361
4
₹10,245.09