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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?

  • 1
    Rs.39,800
  • 2
    Rs.39,900
  • 3
    Rs.39,950
  • 4
    Rs.39,990
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Answer : 2. "Rs.39,900"

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