Sunder borrowed money and returned it in 3 equal quarterly instalments of Rs 17576 each. What sum had he borrowed if the rate of interest was 16% p.a. compounded quarterly? Options: A . &nbspRs 48786 B . &nbspRs 48775 C . &nbspRs 48577 D . &nbspRs 48757

Sunder borrowed money and returned it in 3 equal quarterly instalments of Rs

Question

Sunder borrowed money and returned it in 3 equal quarterly instalments of Rs 17576 each. What sum had he borrowed if the rate of interest was 16% p.a. compounded quarterly?

Options:

A . Rs 48786

B . Rs 48775

C . Rs 48577

D . Rs 48757

Answer: Option B

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