Question

1. Manoj wants to raise a loan of * 3 lakh for purchase
of a car on which interest rate is 9%. He has decided
to pay the amount in 5 equal yearly instalments.
What will be the amount of instalment?
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Answer 1

Answer:

32,000

Step-by-step explanation:

Manoj wants to raise a loan of * 3 lakh for purchase

of a car on which interest rate is 9%. He has decided

to pay the amount in 5 equal yearly instalments.

What will be the amount of instalment?