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Others: NIELIT 2023 Feb Scientist D | Section D | Question: 95
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A mobile phone is available for Rs.$19650$ on cash payment or for Rs.$3100$ cash down payment and three equal annual installments. If the shopkeeper charges interest at the rate of $10 \%$ per annum compounded annually. Calculate the amount of each installment.

  1. Rs. $6655$
  2. Rs. $6555$
  3. Rs. $6755$
  4. Rs. $6855$

     

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