A housing society charges for à flat Rs. 16,00,000 cash or Rs. 5,85,500 cash down payment and three equal half yealy instalments. If the society charges 16% per annum interest compounded half yealy, calculate the value of each instalment. Find also the total interest charged.

Intermediate Algebra
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Author:Lynn Marecek
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Chapter2: Solving Linear Equations
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A housing society charges for à flat Rs. 16,00,000
cash or Rs. 5,85,500 cash down payment and, three equal half
yealy instalments. If the society charges 16% per annum interest
compounded half yealy, calculate the value of each instalment.
Find also the total interest charged.
Transcribed Image Text:A housing society charges for à flat Rs. 16,00,000 cash or Rs. 5,85,500 cash down payment and, three equal half yealy instalments. If the society charges 16% per annum interest compounded half yealy, calculate the value of each instalment. Find also the total interest charged.
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