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Q. Kamal took Rs. 6800 as a loan which along with interest is to be repaid in two equal annual installment. If the rate of interest is 12.5% compounded annually, then the value of each installment is = ?

  • (A) Rs. 8100
  • (B) Rs. 4150
  • (C) Rs. 4050
  • (D) Rs. 4000
  • Correct Answer - Option(C)
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