insurence exam NICL Assistant (Pre + Mains) Mock Test 2024 Quantitative Aptitude Interest Compound Interest
The compound interest offered on a sum of 50,000 is 8% calculated on a half-yearly basis for a period of 3 years. The borrower keeps paying back a sum of Rs.10000 at the end of each year. What is the amount that has to be paid at the end of the third year so that all dues are cleared?
1
Rs. 40,751
2
Rs. 54,865
3
Rs. 45,982
4
Rs. 78,321
5
None of the above