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    • Question

      What annual installment (in ₹) will discharge a debt

      of ₹9,429 due in three years at 12.25% simple interest per annum? [Note: Installments will be paid at the end of Year 1, Year 2 and Year 3.]
      A 2,840 Correct Answer Incorrect Answer
      B 2800 Correct Answer Incorrect Answer
      C 2700 Correct Answer Incorrect Answer
      D 2760 Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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