Question
A man borrowed Rs. 5,300 at an annual compound interest
rate of 12%, compounded yearly. He repaid the loan in two equal yearly installments. What was the amount of each installment?Solution
Let the value of each installment be Rs. 'x'.
So, each installment was of Rs. 3,136
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<...A container is filled with 300 liters of hydrogen gas. The first day it loses 100 liters of hydrogen gas and everyday it loses one-third of the volume ...
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