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Your elder brother wants to buy a car an...

Your elder brother wants to buy a car and plans to take loan from a bank for his car. He repays his total loan of Rs 1,18,000 by paying every month starting with the first instalment of Rs 1000. If he increases the instalment by Rs 100 every month , answer the following:

The ratio of the `1^(st)` installment to the last installment is

A

`1:49`

B

`10:49`

C

`10:38`

D

`39:10`

Text Solution

Verified by Experts

The correct Answer is:
B
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