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A man Borrows Rs. 8000 and agrees to rep...

A man Borrows Rs. 8000 and agrees to repay with a total interest of Rs. 1360 in 12 monthly instalments. Each instalment being less than the preceding one by Rs. 40. Find the amount of the first and last instalments.

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The correct Answer is:
Amount of the first instalment is Rs 1000 and that of the last instalment is Rs 560
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