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Deepa borrows ₹8,620 from a bank at 10% per annum simple interest and agrees to pay in three equal annual installments. What is the value of each installment (rounded to the nearest rupee)?
₹3,542
₹3,442
₹3,200
₹3,396
₹3,396
Practice and solve "Deepa borrows ₹8,620 from a bank at 10% per annum simple interest and agrees to pay in three equal a..." for Part 2 Numerical Ability - CIL MT E and T 2026. The correct answer is Option D: ₹3,396. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "Deepa borrows ₹8,620 from a bank at 10% per annum simple interest and agrees to pay in three equal a..." for Part 2 Numerical Ability - CIL MT E and T 2026. The correct answer is Option D: ₹3,396. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
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