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Multiple choice

A loan of Rs. 12,800 is to be paid back in 3 annual payments, the first payment being half of the second and one-third of the third. If the rate of interest is 10% p.a. payable annually, then find the amount of last instalment.

  1. Rs. 5600

  2. Rs. 6800

  3. Rs. 7200

  4. Rs. 7900

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D Correct answer

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