a loan of rs.10000 is to be paid in 30 equal installment at 4% p.a.Find the amount of each installment in 2 years
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10000/24=416.66
4% for 10000=800=33.33
so installment for 2yr = 499.99
4% for 10000=800=33.33
so installment for 2yr = 499.99
kaali1:
thank you
Answered by
1
499.99 is the answer
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