Question: ABC Ltd borrowed Rs . 2 0 0 million from Continental Bank on January 0 1 , 2 0 1 4 at 1 0 %
ABC Ltd borrowed Rs million from Continental Bank on January at per annum. The borrower had to repay the amount in two equal annual instalments. The first instalment is due on Dec. and the other is due on Dec. How much of each instalment shall be towards the repayment of loan principal?
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