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If a sum of Rs. 13040 is to be repaid in two equal installments at 3.75% per annum, what is the amount of each installment?
Rs. 7045
Rs. 8000
Rs. 65067
Rs. 6889
Rs. 6889
Practice and solve "If a sum of Rs. 13040 is to be repaid in two equal installments at 3.75% per annum, what is the amou..." for Electrical - Economics for Engineers. The correct answer is Option D: Rs. 6889. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(d) **