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Business, 23.08.2019 21:30 camcollins00

Mr x arranges to pay off a debt of rs 9600 in 48 annual installments which form an arithmetic series. when 40 of these instalments are paid, mr x becomes insolvent and his creditor finds that rather 2400 still remains unpaid. find the value of each of the first three instalments of mr x. ignore the interest.

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Mr x arranges to pay off a debt of rs 9600 in 48 annual installments which form an arithmetic series...
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