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Riya borrowed a certain sum of money from a bank and paid it back in 2 installments. The rate of the compound interest was 4% p.a. and she paid back Rs 6760 annually. a) What sum did she borrow? b) By what percent is the principal of the 1 year more than that of the 2 years?​

User Palomino
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Answer:

The simple interest is 6489.6

Riya borrowed a certain sum of money from a bank and paid it back in 2 installments-example-1
User Hypermystic
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