Question

As per agreement with a bank, a businessman had to refund a loan in some equal instalments without interest. After paying 18 instalments he found that 60 percent of his loan was refunded. How many instalments were there in the agreement ?  

(a) 22 (b) 24 (c) 30 (d) 33

Answer 1

(c) Let amount in each installment = x

Let total amount paid = L

According to Question.