morganashley58151 morganashley58151

26-04-2024
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A sum of Rs. 2100 is to be paid back in 2 equal installments. How much is each installment if the interest is compounded annually at 10% per annum?
a) Rs. 1050
b) Rs. 1000
c) Rs. 1100
d) Rs. 1200

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