state gov Bihar Vidhan Sabha Security Guard Mock Test 2024 Quantitative Aptitude Interest Installments
A sum of P was borrowed and paid back in three equal yearly instalments, each of ₹30,000. If the rate of interest was 5% compounded annually, then the value of P (approximate) is:
1
₹80,597
2
₹81,697
3
₹81,597
4
₹80,697