A man borrows a loan of Rs 20,000 from a merchant at the rate of interest 1% per month for two month. If merchant wants to receive the money with interest in two equal installment.

What will be his installment ?

+1 vote

A man borrows a loan of Rs 20,000 from a merchant at the rate of interest 1% per month for two month. If merchant wants to receive the money with interest in two equal installment.

What will be his installment ?

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