A loan is returned in two equal yearly instalments of Rs.5,808. What is the total amount of the loan if the rate of compound interest, compounded annually, is 10% per annum?

A loan is returned in two equal yearly instalments of Rs.5,808. What i

1.	A loan is returned in two equal yearly instalments of Rs.5,808. What is the total amount of the loan if the rate of compound interest, compounded annually, is 10% per annum?
A.	Rs,12,450
B.	Rs.10,080
C.	Rs.18,000
D.	Rs.10,800
Answer» C. Rs.18,000

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A loan is returned in two equal yearly instalments of Rs.5,808. What is the total amount of the loan if the rate of compound interest, compounded annually, is 10% per annum?

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