Math MCQ: A loan of 12,300 at 5% per annum compound interest, is to be repaid in two equal annual instalments at the end of every year. Find the amount of each instalment ?

A loan of 12,300 at 5% per annum compound interest, is to be repaid in two equal annual instalments at the end of every year. Find the amount of each instalment ?

Correct Answer: 6,615

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WhatsApp+91 99922 70404Math MCQ: A loan of 12,300 at 5% per annum compound interest, is to be repaid in two equal annual instalments at the end of every year. Find the amount of each instalment ? | Extra Education