What is the amount of equal installment , if a sum of TK. 1428 due 2 years hence has to be completely has to be completely repaid in 2 equal annual installments starting next year?

A TK. 700

B Tk. 800

C Tk. 650

D cannot be determined

Correct Answer: cannot be determined

As short - cut of installment for 2 installments is given by Installment = P/{(100/100 + R) + (100/100 + R)2} There is the need of rate (R) which is unavailable in the question. So, we cannot determine the answer.

Bissoy MCQ Team

Jun 09, 2023

#গণিত #Combined Bank (সমন্বিত ব্যাংক) #সমন্বিত ৬ (ব্যাংক) ও ২ টি আর্থিক প্রতিষ্ঠান - সিনিয়র অফিসার ১০.০৬.২০১৯

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