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Valli took a ...

Question

Valli took a loan of Rs. $9750$ for farming purposes. She has to pay it back in equal amounts in $6$ months. How much will she has to pay every month?

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Solution

Amount taken by Valli as loan $=$ Rs. $9750$
Payback period of the loan $= 6$ months
Amount paid by Valli each month $=$ Rs. $9750 \div 6 =$ Rs. $1625$

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