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Anil purchased a computer monitor priced at ` 6800 cash, under the instalment plan by making a cash down payment of ` 2000 and 5 monthly instalments of `

1000 each. Find the rate of interest charged under the instalment plan.



payment req. to give= 4800
he paid 5000
rate of interest=200/4800*100=4.17%p.a
0 0 0
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