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| Q.1 | A loan is to be repaid in two equal yearly instalments. If the rate of interest is 10% per annum, compounded annually, and each instalment is ₹6,897, then find the total interest charged. | |
| Ans | 1. ₹1,824 | |
| 2. ₹1,734 | ||
| 3. ₹1,644 | ||
| 4. ₹1,914 |
Correct Ans: 1
