A sum of Rs 6000 is to be paid back in 3 annual instalments. How much is each instalment if the interest is compounded annually on the balance at 5% p.a. and it is to be included in each instalment ? Options: A . &nbspRs 2700, Rs 2600, Rs 2500 B . &nbspRs 2500, Rs 2600, Rs 2700 C . &nbspRs 2100, Rs 2200, Rs 2300 D . &nbspRs 2300, Rs 2200, Rs 2100

A sum of Rs 6000 is to be paid back in 3 annual instalments. How much is each

Question

A sum of Rs 6000 is to be paid back in 3 annual instalments. How much is each instalment if the interest is compounded annually on the balance at 5% p.a. and it is to be included in each instalment ?

Options:

A . Rs 2700, Rs 2600, Rs 2500

B . Rs 2500, Rs 2600, Rs 2700

C . Rs 2100, Rs 2200, Rs 2300

D . Rs 2300, Rs 2200, Rs 2100

Answer: Option D

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