A man borrows ₹ 8,000 at the simple interest rate of 2.76% per annum. It is decided that the principle and the interest are to be paid in 10 monthly installments. If each installments is double of the preceding installment, find the value of the Ist and the last installment.
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1st installment=₹8
2nd installment=₹4096
2nd installment=₹4096
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