Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal installments. What will be the annual installment payable by him?
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Q:
Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal installments. What will be the annual installment payable by him?
- 1Rs 4800false
- 2Rs 5500false
- 3Rs 4600true
- 4Rs 500false
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