A person can buy a refrigerator for Rs.15,850 on cash payment or in installments for every year at 10% p.a for four years compounded annually. What is the approximate annual installment that he should pay?
5 950 5df9c47a9e7c624c9bfedf30
Q:
A person can buy a refrigerator for Rs.15,850 on cash payment or in installments for every year at 10% p.a for four years compounded annually. What is the approximate annual installment that he should pay?
- 1Rs.6000false
- 2Rs.5500false
- 3Rs.5000true
- 4Rs.5200false
- 5Rs.4500false
- Show Answer
- Workspace
- Discuss