Question
Ramu has lent Rs. 60,000 to Murali and Bansi at 7% p.a.
and at 11% per annum respectively. At the end of the year, he has gained an overall interest at the rate of 8%. Find the amount he has lent to Bansi?Solution
Using alligation method, 
4 units =60,000 Bansi = 60000/4 = Rs. 15000
In MS Excel, the function =PMT(rate, nper, pv) is used to calculate the:
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