Kusum borrowed money and returned it in 3 equal quarterly installments of Rs.4630.50 each . What sum had she borrowed if the rate of interest was 20% p.a. compounded quarterly ? Find also the total interest charged .
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4630.50*3=13891.5
therefore amount borrowed= 13891.5/120[100] that is equal to 11562.5
therefore amount borrowed= 13891.5/120[100] that is equal to 11562.5
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