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Section B (2 Mark)How much interest is paid in the 43rd monthly payment interval of...

Section B (2 Mark)

How much interest is paid in the 43rd monthly payment interval of a loan for Rs43 200 if the loan is amortized at a rate of 9.75% compounded annually over 7 years.?

A.

Rs191.30

B.

Rs394.41

C.

Rs195.25

D.

Rs 193.74

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