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Compound Interest Practice Test 3

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Question : 39

Total: 40

A TV set is available for Rs 19,650 cash payment for Rs 3,150 cash down payment in three equal annual installments. If the interest is charged at the rate of 10% per annum compounded annually, the amount of each installment is:

Rs 6,555
Rs 6,612
Rs 6,655
Rs 6,665

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