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Pankaj takes a loan of Rs. 10000 at 10% per annum compounded annually which is to be repaid in two equal annual installments: one at the end of the first year and second at the end of the second year. The value of each installment is: |
Answer» Pankaj takes a loan of Rs. 10000 at 10% per annum compounded annually which is to be repaid in two equal annual installments: one at the end of the first year and second at the end of the second year. The value of each installment is: |
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