Mathematics, 26.05.2020 18:02, MikeWrice4494

Najib borrowed a sum of money at 10% per
annum compound interest. If he repaid the loan
after 2 years, he would have to repay $4356.

(a)If he repaid the loan by two equal annual
instalments at the end of the first year and
the second year, how much would each
instalment be?

Answers: 2

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Najib borrowed a sum of money at 10% per
annum compound interest. If he repaid the loan
...