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TO pe para 1,66, EXERCISE 1 K. A loan of 21,200 is to be returned in two equal annual instalments. If the rate of intere

Home/Math/TO pe para 1,66, EXERCISE 1 K. A loan of 21,200 is to be returned in two equal annual instalments. If the rate of intere

TO pe para 1,66, EXERCISE 1 K. A loan of 21,200 is to be returned in two equal annual instalments. If the rate of intere

Question

TO pe para 1,66, EXERCISE 1 K. A loan of 21,200 is to be returned in two equal annual instalments. If the rate of interest is 12% per annum, compounded annually, calculate the value of each instalment.

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