Mathematics for FinanceMTP May 20Question 1508 of 479
All Questions

A man purchased a house valued at 3,00,000\displaystyle 3,00,000. He paid 2,00,000\displaystyle 2,00,000 at the time of purchase and agreed to pay the balance with interest at 12%\displaystyle 12\% per annum compounded half yearly in 20\displaystyle 20 equal half yearly instalments. If the first instalment is paid after six months from the date of purchase then the amount of each instalment is.

Options

A8,718.45\displaystyle 8,718.45
B8,769.21\displaystyle 8,769.21
C7,893.13\displaystyle 7,893.13
DNone of these
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option b8,769.21\displaystyle 8,769.21

All Options:

  • A8,718.45\displaystyle 8,718.45
  • B8,769.21\displaystyle 8,769.21
  • C7,893.13\displaystyle 7,893.13
  • DNone of these

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 479 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free