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Which of the following is the correct first installment amount to clear a loan of ₹18000 at 10% simple interest per annum, to be paid in 2 equal yearly installments? (Rounded off to the nearest rupee)
₹12000
₹10330
₹10286
₹11200
₹10286
Practice and solve "Which of the following is the correct first installment amount to clear a loan of ₹18000 at 10% simp..." for Part 2 Numerical Ability - CILMTMechanical 2026. The correct answer is Option C: ₹10286. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "Which of the following is the correct first installment amount to clear a loan of ₹18000 at 10% simp..." for Part 2 Numerical Ability - CILMTMechanical 2026. The correct answer is Option C: ₹10286. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.