A certain loan was returned in two equal half - yearly instalments each of Rs. 6,760. If the rate of interest was 8% p.a., compounded yearly, how much was the interest paid on the loan?

A certain loan was returned in two equal half - yearly instalments eac

1.	A certain loan was returned in two equal half - yearly instalments each of Rs. 6,760. If the rate of interest was 8% p.a., compounded yearly, how much was the interest paid on the loan?
A.	Rs. 810
B.	Rs. 750
C.	Rs. 790
D.	Rs. 770
Answer» E.

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A certain loan was returned in two equal half - yearly instalments each of Rs. 6,760. If the rate of interest was 8% p.a., compounded yearly, how much was the interest paid on the loan?

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