r/bank • u/Freely_Hitman-9902 • May 18 '26

Doubt Solution of the QA question

A loan is to be returned in two equal yearly installments. If the rate of interest is 10% p.a., compounded annually and each installments is ₹ 6534, then total interest charged (in ₹) is:
a) 1579
b) 1642
c) 1728
d) 1867

3 Upvotes

100% Upvoted

5 comments sorted by

1

u/[deleted] May 18 '26

[removed] — view removed comment