The dues of Kabir are to be paid in 4 yearly installments. The principal amount of each installment will be: - Accountancy MCQ CUET Accountancy 2026 | ExamTest.live | ExamTest.live

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The dues of Kabir are to be paid in 4 yearly installments. The principal amount of each installment will be:

A $Rs. 20,000$
B $Rs. 25,000$
C $Rs. 37,000$
D $Rs. 34,000$

Solution & Step-by-step Explanation

The total principal amount due to Kabir is Rs. 1,00,000. It is split into four equal annual installments: Principal Installment Amount = \frac{Total Due}{Number of Installments} Principal Installment Amount = \frac{Rs. 1 , 00 , 000}{4} = Rs. 25, 000

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The dues of Kabir are to be paid in 4 yearly installments. The principal amount of each installment will be:

A

Rs. 20,000

B

Rs. 25,000

C

Rs. 37,000

D

Rs. 34,000

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