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Your gymkhana club needs to replace the major sports instruments after every seventh year. To pay for the operation the club organizes a fancy fair

Your gymkhana club needs to replace the major sports instruments after every

seventh year. To pay for the operation the club organizes a fancy fair every year,

starting now. Replacement of instruments cost Rs. 35000 and the interest rate is 7%.

How much does the fancy fair have to bring in each year to produce the necessary Rs.

35000 in seven years.

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