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Q:

A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a., compounded annually, and each instalment is ₹5,808, then the total interest charged in this scheme is:

  • 1
    ₹1,563
  • 2
    ₹1,536
  • 3
    ₹1,632
  • 4
    ₹1,602
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Answer : 2. "₹1,536"

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