A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?
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Q:
A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?
- 1Rs.39,800false
- 2Rs.39,900true
- 3Rs.39,950false
- 4Rs.39,990false
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