question_answer

Purnima borrowed a sum of money and returned it in three equal quarterly installments of Rs. 17576 each. Find the sum borrowed, if the rate of interest charged was 16% per annum compounded quarterly. Find also the total interest charged.

A)  Rs. 46900 and Rs. 4700               

B)  Rs. 48775 and Rs. 3953

C)  Rs. 68320 and Rs. 1200               

D)  None of these