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A loan of 25220 is to be paid back in three equal half yearly installments. If the interest is compounded half yearly at10% per annum, then the total interest to be paid in this installment scheme is: |
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Answer» Answer: Type your question... MATHS A sum of Rs. 5,500 was taken as loan. This is to be paid BACK in two equal instalments. If the rate of INTEREST is 20% per annum compounded annually, find the value of each INSTALMENT. December 26, 2019avatar Krati Sravi SHARE ANSWER Given : P=5500,R=20%,n=2 To find A A=P(1+ 100 R
) n
=5500(1+ 100 20
) 2
=5500(1+ 5 1
) 2
=5500( 5 6
) 2
= 25 5500×36
∴A=7920 This amount is to be paid in two equal instalments So, each instalment = 2 7920
=3960. Hence, each instalment is Rs. 3,960. Step-by-step explanation: Please mark Brainliest |
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