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Q. A sum of RS. 11000 was taken as loan. This is to be paid in two equal annual instalments.If the rate of interest be 20% compounded annually, then the value of each instalment is

  • (A) RS.7500
  • (B) RS.7000
  • (C) RS.7100
  • (D) RS.7200
  • Correct Answer - Option(D)
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