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Ghanshyam borrow a sum of Rs. 13,360 at 8.75 % per annum compound interest and paid back in two instalments. What was the amount of each instalment1. 75692. 84513. 70024. 70215. 1520 |
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Answer» Correct Answer - Option 1 : 7569 Answer : 7569 Given : Net amount = 13360 Rs. Rate % = 8.75% = 7/80 Formula used : \(amount = \frac{x}{{\left( {1 + r\;\% } \right)}} + \frac{x}{{{{\left( {1 + R\% } \right)}^2}}} \ldots \ldots \ldots \frac{x}{{{{\left( {1 + r\% } \right)}^n}}}\) Calculation : \(13360 = x/(18.75\% ) + x/{(18.75)^2}\) X=7569 Rs. |
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