A person borrowed some money on compound interest and returned it...

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A person borrowed some money on compound interest and returned it in 3 equal annual instalments. If the rate of interest is 15% per annum and the annual instalment is Rs. 12,167, then find the sum borrowed.

A. Rs. 27,780

B. Rs. 28,530

C. Rs. 25,780

D. Rs. 26,970

Answer: Option A

This Question Belongs to Arithmetic Ability >> Compound Interest

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