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| | Question 32
Ram buy a second hand bike of Rs 13600 as a loan which along with interest is to be paid in two equal annual installment.If the rate of interest is 12.5 % compounded annually, then the value of each installment is:
(A)
Rs 8100
(B)
Rs 8300
(C)
Rs 8500
(D)
Rs 9100
Answer
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