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| Q.14 | A sum of Rs.12,300 was taken as a loan. This is to be paid back in two equal annual instalments. If the rate of interest be 5% per annum, compounded annually, find the value of each instalment. | |
| Ans | 1. Rs.6,850 | |
| 2. Rs.6,720 | ||
| 3. Rs.6,800 | ||
| 4. Rs.6,615 |
Correct Ans Provided: 4
