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Q. A loan of 12,300 at 5% per annum compound interest, is to be repaid in two equal annual instalments at the end of every year. Find the amount of each instalment ?

  • (A) 6,651
  • (B) 6,615
  • (C) 6,516
  • (D) 6,156
  • Correct Answer - Option(B)
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