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reddy m

· started a discussion

· 1 Months ago

Soln (Question:394515.0)

Provide soln

Question:

A sum of money is borrowed and paid back in two annual instalments of Rs.1764 each, allowing 5% compound interest. What was the sum borrowed?

Options:
A)

Rs.4000

B)

Rs.3340

C)

Rs.3000

D)

Rs.3280

Solution:

Ans: (d)


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