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A sum of Rs. 210 was taken as a loan. This is to be paid back in two equal installments. If the rate of the interest be 10% compounded annually, then the value of each installment is:

Correct Answer: Rs. 121

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Math MCQ: A sum of Rs. 210 was taken as a loan. This is to be paid back in two equal installments. If the rate of the interest be 10% compounded annually, then the value of each installment is: | Extra Education