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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 = ?

Correct Answer: Rs. 4050

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Math MCQ: 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 = ? | Extra Education