A sum of Rs.13,000 is to be paid back in 2 equal annual instalments. How much is each instalment if the interest is compounded annually at 8 % per annum?
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Q:
A sum of Rs.13,000 is to be paid back in 2 equal annual instalments. How much is each instalment if the interest is compounded annually at 8 % per annum?
- 1Rs.7280false
- 2Rs.7290true
- 3Rs.7270false
- 4Rs.7920false
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