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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?

  • 1
    Rs.7280
  • 2
    Rs.7290
  • 3
    Rs.7270
  • 4
    Rs.7920
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Answer : 2. "Rs.7290"

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