Ramlal takes a loan of Rs. 10500 at 10% p.a. compounded annually which is to be...

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Ramlal takes a loan of Rs. 10500 at 10% p.a. compounded annually which is to be repaid in to two equal annual installments as one at the end of one year and the other at the end of the second year. The value of each installment is: 1. Rs 5780 Rs 5478 3. Rs 5060 4. Rs 6050 None of these 2. 5. Ramlal takes a loan of Rs. 10500 at 10% p.a. compounded annually which is to be repaid in to two equal annual installments as one at the end of one year and the other at the end of the second year. The value of each installment is: 1. Rs 5780 Rs 5478 3. Rs 5060 4. Rs 6050 None of these 2. 5.

Answer rating: 100% (QA)

Solution 4 Given that rate of interest R 10 Annual inst... View the full answer