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Ram Chandra

· started a discussion

· 1 Months ago

Not understood properly..plz explain (Question:229249.0)

Please explain in detail after equation(i)

Question:

An article is sold for Rs.500 cash or for Rs.150 cash down payments followed by 5 equal monthly  installments. If the rate of interest charged is 18% per annum, calculate the monthly installment.

Options:
A) Rs.63.07
B) Rs.37.06
C) Rs.75.06
D) Rs.73.06
Solution:

Ans: (d)

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