A loan was repaid in two annual instalments of Rs.112 each. If the rate of interest be 10% per annum compounded annually, the sum borrowed was :
Correct answer: B
Explanation
Principal = (Present value of Rs.121 due 1 year hence ) + (Present value of Rs.121 due 2 years hence )
= Rs. 121/(1+10/100)+121/(1+10/100)2 =Rs.210
Correct Option: B
Loading…
Searched on YouTube by reporting category, not by question text. Open this search on YouTube →
Source: Algebra word problems from the AQuA-RAT dataset (Ling et al., 2017), published by Google DeepMind under the Apache License 2.0.
Go to the official source →
AQuA-RAT items are crowdsourced algebra problems, not ACT questions. They carry five answer choices in the pre-2025 ACT Mathematics style and no ACT reporting category. Useful for drilling Preparing for Higher Math content; not a substitute for a real form.