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Q. A sum of Rs. 13360 was borrowed at 35/4% per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment ?

  • (A) Rs. 5769
  • (B) Rs. 7569
  • (C) Rs. 7009
  • (D) Rs. 7500
  • Correct Answer - Option(B)
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