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| Q.25 | A sum of Rs.6,000 is to be paid back in two equal annual instalments; each instalment is to be paid at the end of every year. How much is each instalment if the interest is compounded annually at 2% p.a.? (Rounded off up to two decimal places) | |
| Ans | 1. Rs.3,090.30 | |
| 2. Rs.2,092.29 | ||
| 3. Rs.2,291.29 | ||
| 4. Rs.3,589.30 |
Correct Ans Provided: 1
