Mathematics · Compound Interest
A loan of Rs. 1,27,500 is to be paid back in two equal half-yearly installments. How much is each installment if the interest is compounded half-yearly at 8% per annum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 167,600✓
- 266,600
- 364,750
- 463,750
Correct answer
67,600
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