A loan is to be returned in two equal annual instalments. If the rate of interest is 10% p. a., compounded yearly, and each instalment is Rs. 3,872, then the total interest charged in this instalment scheme is:

A loan is to be returned in two equal annual instalments. If the rate

1.	A loan is to be returned in two equal annual instalments. If the rate of interest is 10% p. a., compounded yearly, and each instalment is Rs. 3,872, then the total interest charged in this instalment scheme is:
A.	Rs. 1,024
B.	Rs. 1,020
C.	Rs. 980
D.	Rs. 1,050
Answer» B. Rs. 1,020

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A loan is to be returned in two equal annual instalments. If the rate of interest is 10% p. a., compounded yearly, and each instalment is Rs. 3,872, then the total interest charged in this instalment scheme is:

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