A sum of 13,360 was borrowed at 83% per annum compound interest4

A sum of 13,360 was borrowed at 8 3 % per annum compound interest
4
and paid back in two years in two equal annual instalments. What was the amount of each instalment ?

Let each instalment be y.

⇒

= 13360

1 +

⇒	6400y	+	80y	= 13360
	7569		87

⇒	6400y + 6960y	= 13360
	7569

⇒ 13360 y = 13360 × 7569
⇒ y = ₹ 7569

A sum of 13,360 was borrowed at 8	3	% per annum compound interest
	4