Business Mathematics MCQ: How much should be the annual installment to completely pay off a debt of Rs. 1078 in 6 years at 9% per annum rate of interest?

How much should be the annual installment to completely pay off a debt of Rs. 1078 in 6 years at 9% per annum rate of interest?

Correct Answer: rs.146.35

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Business Mathematics MCQ: How much should be the annual installment to completely pay off a debt of Rs. 1078 in 6 years at 9% per annum rate of interest? | Extra Education