Question

A sum of 100000 to be paid in four equal half yearly instalments together with intetest @10 percent

Answer 1

10 % of 100000 is 10000 so the total amount payable is 110000 ....

Since we have to pay in four installments...

Thus we'll have to divide 110000 into four parts

Thus each of the installments will be 27500 Rs.

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