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Q:

If the instalments are paid at the end of every year, what annual payment will discharge a debt of Rs. 7,200 due in 3 years at 20% per annum simple interest?

  • 1
    Rs. 1500
  • 2
    Rs. 1800
  • 3
    Rs. 2000
  • 4
    Rs. 2250
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Answer : 3. "Rs. 2000"

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