What is the loan amount that is taken
Problem
XTZ Company took a loan from the bank for 3 years, and compounded annually interest of 8.4 per cent is charged, Repayment of the loan has been done by equal installment annually which are 311 each.
What is the loan amount that is taken?
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XTZ Company took a loan from the bank for 3 years, and compounded annually interest of 8.4 per cent is charged. What is the loan amount that is taken?
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