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A loan of rs. 2000 is to be paid in 3 equal annual installments . How much is each installment to the nearest whole rupees , if the interest is compounded annually at 10%p.a?How to solve this?

Answer» A loan of rs. 2000 is to be paid in 3 equal annual installments . How much is each installment to the nearest whole rupees , if the interest is compounded annually at 10%p.a?
How to solve this?


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