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Husanpreet Singh Dhillon

· started a discussion

· 1 Months ago

4050 (Question: 201124.0 )

Please correct your answer

Question:
Kamal took Rs. 6,800 as a loan which along with interest is to be repaid in two equal annual instalments. If the rate of interest is 12\(\cfrac{1}{2}\) % compounded annually, then the value of each instalment is
Options:
A) Rs. 8,100
B) Rs. 4,150
C) Rs. 4,050
D) Rs. 4,000
Solution:
Ans: (c)


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